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 Weaker Drift, But Broadly Uneventful | ||
| 1/17/2025 3:56 PM | ||
| Slightly Weaker Drift, But Broadly Uneventful Friday may as well have been a 4th weekend day for the bond market. Volume and liquidity were obviously in holiday mode. Trading levels were basically flat, although it might not feel that way if you"re seeing MBS prices end the day down more than an...Read More | ||
| Uneventful Day For Mortgage Rates | ||
| 1/17/2025 3:19 PM | ||
| Mortgage rates are driven by the bond market and Friday was the least active day of the week for bonds. There were no major economic reports to cause rapid changes in trading levels. As such, mortgage rates started out very close to the levels seen yesterday and most lenders didn"t make any mid-day changes. The absence of any significant mov...Read More | ||
| Homebuilder Confidence Consolidation Continues | ||
| 1/17/2025 2:40 PM | ||
| While it would be technically accurate to point out a slight increase in January"s homebuilder confidence (officially the National Association of Homebuilders Housing Market Index or HMI ), the type of movement we"ve seen in the past 2 years is better characterized as "incidental" in the bigger picture. As with most housing-related metrics, HMI p...Read More | ||
| Housing Construction Bounced Back in December Thanks to Multifamily Sector | ||
| 1/17/2025 2:16 PM | ||
| The US Census Bureau released its New Residential Construction report for December today. The report measures building permits, the start of the construction process (housing starts), and housing completions. While construction has definitely been running well below the highs seen 3 years ago, it continues to operate just above pre-pandemic ...Read More | ||
| AMC Alternative, Verification, Realtor Fee Financing Tools; Letter to FHFA Director | ||
| 1/17/2025 10:47 AM | ||
| We’re more than halfway through January already, the MBA has lowered its 2025 projection to $2.1 trillion, and there is a sense of “wait and see” out there among lenders and vendors regarding rates, products, regulations… Maybe you should do something besides just making a few extra calls. STRATMOR’s current blog is “Leaders Don’t Wait for Markets”...Read More | ||
| Pre-3 Day Weekend Volatility is a Thing | ||
| 1/17/2025 9:38 AM | ||
| It always bears repeating that "predictions are for suckers" and if there were a hard and fast rule about what markets do in certain scenarios, traders could take advantage of those probabilities, thus restoring the odds to a more neutral level. With that disclaimer aside, in scenarios where rates rally fairly sharply on Wed/Thu with motivation fro...Read More | ||
| 2 Straight Days of Gains?! | ||
| 1/16/2025 3:29 PM | ||
| 2 Straight Days of Gains?! Not only have bonds managed to pull off a feat rarely seen in recent memory (back to back days of solid gains), but the total drop in yields is the biggest since August 2024. Today"s improvement wasn"t nearly as big as yesterday"s CPI-driven rally, but it would have been ver...Read More | ||
| Mortgage Rates Back Down to Lowest Levels in 2 Weeks | ||
| 1/16/2025 3:01 PM | ||
| After having a great day yesterday, mortgage rates were able to add another "good" day today. The net effect brings the average lender"s top tier 30yr fixed rate back down to levels last seen on January 2nd, exactly 2 weeks ago. Yesterday"s key motivation was the palatable inflation data in the Consumer Price Index (CPI). T...Read More | ||
| Settlement, Warehouse, Servicing Transfer Tools; Training and Webinars; Rates React to Inflation Data | ||
| 1/16/2025 10:55 AM | ||
| Do you know the interest rate on your loan? How about the age of your roof? Here in Austin, a big concern is too much growth: Austin has gained 1 million people in the last 15 years. Sprawl, traffic, and new construction have become the name of the game. As well as mounting property tax and insurance costs. Insurance agents and companies seem to be...Read More | ||
| Pushing Into Stronger Territory With Help From Data, Fed, and Maybe More | ||
| 1/16/2025 10:48 AM | ||
| While it was never going to be on the same level as yesterday"s CPI in terms of market movement potential, Retail Sales was likely to be today"s most relevant data. The early price action confirmed that. Jobless Claims and Philly Fed were stronger than expected. Retail Sales was the only report that was weaker, and that"s the way bonds chose ...Read More | ||