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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| Bonds Turn Green Despite Plenty of Volatility | ||
| 10/10/2024 3:53 PM | ||
| Bonds Turn Green Despite Plenty of Volatility It was touch and go in the mid-day hours as early stability (modest gains, even) gave way to steady selling. Headlines from Fed"s Bostic (he"s not sure they"ll need to cut again in Nov) caused yields to pop to the highs of the day just before the 30yr bond...Read More | ||
| Here"s What"s Really Going on With Mortgage Rates This Week | ||
| 10/10/2024 2:59 PM | ||
| We can appreciate that the daunting task of determining what "the" actual mortgage rate may be at any given moment. The word "the" is singled out in the previous sentence because there isn"t one, perfect, singular, "going rate" for a mortgage. There"s a bell curve with most lenders near the center and a few outliers at the margins. ...Read More | ||
| Correspondent, Climate Products; TILA, RESPA, False Claims News; CFPB Takes Action | ||
| 10/10/2024 11:52 AM | ||
| Hey, I like a good raccoon swarm as much as the next guy, but you couldn’t pay me to walk out there in that yard. Speaking of pay, a common question is how much how are LOs and managers paid, and STRATMOR’s blog is titled, “Lenders and Vendors Must Pay to Play.” Geographical differences have diminished in comp, but they still very much exist in wea...Read More | ||
| Mixed Reaction to Mixed Data | ||
| 10/10/2024 10:34 AM | ||
| At first glance, it looks as if the bond market will make it through Thursday morning without being too worse for the wear. When the monthly core CPI reading flashed 0.1 higher than expected (0.3 vs 0.2), there were clearly some doubts. Yields popped higher initially, but milliseconds later, Jobless Claims said "not so fast..." by comin...Read More | ||
| Don"t Expect Salvation From CPI | ||
| 10/9/2024 2:45 PM | ||
| Don"t Expect Salvation From CPI Bonds lost a bit of ground on Wednesday with Treasuries having a far rougher go of it than MBS, but not by much, ultimately. If one had to guess at reasons for the MBS Outperformance on a Treasury auction week, blaming the Treasury auction cycle is the easiest solution....Read More | ||
| Mortgage Rates Sideways to Higher | ||
| 10/9/2024 2:28 PM | ||
| Today brought the release of the minutes from the most recent Fed meeting in addition to numerous Fed speeches and the scheduled auction of 10yr Treasuries. Each of these events has at least some track record of causing volatility for interest rates, but none of them had an impact today. As for the Fed Minutes, it"s no surprise to see a lack...Read More | ||
| DPA, Verification, Data Analysis, AVM Tools; Webinars and Events; Florida Weather and Insurance Woes | ||
| 10/9/2024 10:39 AM | ||
| Should it concern us that, a few days ago, it was pointed out that from now until Nov. 26, there’s at least one football game on TV to watch every day for the next 55 days? Football has become the center of attention while the focus should be on the recovery efforts happening in many parts of the Southeast, impacting lives and housing stock. Florid...Read More | ||
| Some Pre-Auction Anxiety and a Million Fed Speeches | ||
| 10/9/2024 9:09 AM | ||
| This week"s economic calendar is choked with Fed speeches and most of them are happening today. Collectively, those will be more relevant than the release of the Minutes from the most recent Fed meeting (because that was 3 weeks ago, but anything before the last jobs report might as well be an eternity). Even then, the Fed"s thoughts would ha...Read More | ||
| Worst is Over. Now What? | ||
| 10/8/2024 3:31 PM | ||
| Worst is Over. Now What? Good things happened in the bond market on Tuesday. There was a bit of a scare in the AM hours as a relatively flat overnight performance gave way to some early weakness, but buyers showed up at the 4.05% technical level in 10yr yields (a major inflection point on the way up i...Read More | ||
| Mortgage Rates Finally Level Off After Quickest Spike in Months | ||
| 10/8/2024 2:50 PM | ||
| Mortgage rates spiked at their fastest pace in months on Friday following the jobs report and yesterday added insult to injury, making for a total increase of nearly 3/8ths of a percent (.375%) in the average lender"s top tier conventional 30yr fixed rate. Moves of this size are rare, but less so when the market gets a big piece of sur...Read More | ||