The August Group Inc. is your source for dependable Real Estate Appraisals in Saint Louis City and the following counties in Missouri; St. Louis, Franklin, Jefferson, Warren, Lincoln, St. Charles and St. Francois.Whether it's an older home or luxurious new construction, Jeffrey Noyes' experience and hours of study as licensed appraiser make him qualified to provide home valuations in Saint Louis City, St. Louis, Franklin, Jefferson, Warren, Lincoln, St. Charles and St. Francois County for clients ranging from national mortgage companies to local lenders or individual businesses and consumers.
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| Slightly Stronger Because Not Every Day Can be Weaker | ||
| 5/22/2025 3:38 PM | ||
| Slightly Stronger Because Not Every Day Can be Weaker Bond yields have moved almost exclusively higher in May. At the very least, they"ve been in an incredibly linear uptrend. Uptrends wouldn"t last very long if there wasn"t some push and pull (think 2 steps forward, 1 step back). And that bring...Read More | ||
| Mortgage Rates Edge Down From Recent Highs, But Remain Over 7% | ||
| 5/22/2025 2:20 PM | ||
| Mortgage rates hit their highest level in just over 3 months yesterday with financial markets generally protesting the absence of more serious spending cuts in the spending bill. Rates care about fiscal spending because higher spending requires higher Treasury issuance which, in turn, pushes rates higher, all else equal. Although the House p...Read More | ||
| Non-QM, QC Trends, Past Borrower Mining Tools; House Passes Spending Bill; Webinars Through Month-End | ||
| 5/22/2025 10:51 AM | ||
| Yesterday I headed west from the conference while my son Robbie headed south to the nCino nSight event. But while in Manhattan Dawn S. asked me, “How do you know if there’s a vegan at your party?” Answer: “They’ll tell you.” It’s not hard to find someone to tell you why the “Sell America” trade is rampant in the financial markets, impacting rates a...Read More | ||
| Conspicuous Absence of Volatility After Data and Spending Bill Vote | ||
| 5/22/2025 9:06 AM | ||
| The most significant development of the overnight session was the early morning passage of the spending bill in the House. This resulted in only a modest extension of losses in stocks/bonds, mostly because stocks/bonds (mostly bonds) have been pricing this in throughout the week. Yields actually managed to recover into positive territory before the...Read More | ||
| Treasury Auction Blamed as Bond Vigilantes" Smoking Gun | ||
| 5/21/2025 3:34 PM | ||
| Treasury Auction Blamed as Bond Vigilantes" Smoking Gun Vigilante justice! Taking matters into one"s own hands! It"s a sensational concept when applied to the bond market, but the term hasn"t really done us many favors over the years. It happened to work for a headline today because the te...Read More | ||
| Mortgage Rates Move Up to 3 Month Highs | ||
| 5/21/2025 2:43 PM | ||
| Two days ago, mortgage rates began the day at 7.04% before mid-day improvements brought the average back down to 6.99%. Today started out in a similar vein with the average lender at 7.05%, but the mid-day movement only made things worse. In terms of catalyst events, the bond market (and stock market, for that matter) swooned after a schedul...Read More | ||
| Non-QM, Post-Closing, POS, Warehouse Products; Vendor Marketplace; FHA, VA, and Ginnie news | ||
| 5/21/2025 10:50 AM | ||
| As nearly a thousand capital markets staff, managers, and vendors head home from Manhattan, united in trying to help borrowers, in a reflection of the times, it’s interesting how divisive the times are given the phone call this week between Vladimir Putin and Donald Trump. Fox News noted, “Trump Confident Putin Wants Peace” versus nearly every othe...Read More | ||
| Nothing For Bonds to Trade But Fiscal Disillusionment | ||
| 5/21/2025 9:50 AM | ||
| We"re now into the 3rd day of a week that"s conspicuously lacking in relevant econ data. In addition, the looming holiday weekend hinders participation and increases potential volatility. That means an extra level of impact for whatever bonds can find to move the needle. So far, all they"ve been finding is a feeling of disillusionment with the...Read More | ||
| Ultimately Sort of Flat if You Use Your Imagination | ||
| 5/20/2025 4:01 PM | ||
| Ultimately Sort of Flat if You Use Your Imagination Here"s a quick and easy method for imagining that bonds were flat today. Step one, go back to yesterday and use 3pm as a closing time (not a crazy request considering that"s the traditional end-of-day marking time for Treasuries). Then do the same for...Read More | ||
| Mortgage Rates Hold Steady Near Recent Highs | ||
| 5/20/2025 3:32 PM | ||
| Mortgage rates ultimately managed to hold steady on Tuesday despite some underlying market volatility. Rates change day to day (and sometimes intraday) based on movement in the bond market, and there"s been plenty of that. Yesterday"s market movement was good for rates after starting out near the worst levels since February. This allowed most lend...Read More | ||