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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| Uneventful Friday, Even if Slightly Weaker | ||
| 3/14/2025 5:22 PM | ||
| Uneventful Friday, Even if Slightly Weaker Friday"s trading session was the most uneventful of the week. It began with moderate losses in the overnight session in concert with stock market gains. Some traders attributed this to improved odds of avoiding a government shutdown by tonight"s deadlin...Read More | ||
| Mortgage Rates Hold Very Steady, Yet Again | ||
| 3/14/2025 2:38 PM | ||
| Despite some ups and downs on a small scale, mortgage rates have been sideways in the bigger picture. That"s a good thing if the latest refi application data is any indication. Demand is at the highest levels since October as rates have generally been holding near mid-October levels. Today was just another day in that regard. Bon...Read More | ||
| Financial Consulting, Loan Pricing API, Retention, PPE Tools; Events and Training; MBA and GSE | ||
| 3/14/2025 11:05 AM | ||
| Time flies. We’re at “pi day” (3.14), two weeks until the end of the quarter, one month before our taxes are due. Tax returns for individuals are private (I think) but those filed by nonprofit organizations are public records. The Mortgage Bankers Association of America taxes, for example, are here. Speaking of which, our MBA has a lot on its plate...Read More | ||
| Markets Trading Shutdown Risks? We"ll Find Out Soon | ||
| 3/14/2025 8:29 AM | ||
| It"s been an on-again, off-again week for bonds and several of their trading motivations. Economic data has played its part at times, but not in any excessive way. The same goes for the recently relevant "stock lever" (the tendency for higher stock prices to push bond yields higher and vice versa). It was the latter that was most notice...Read More | ||
| Stocks Save Bonds From Modest Losses | ||
| 3/13/2025 3:25 PM | ||
| Stocks Save Bonds From Modest Losses You won"t always be able to count on the market dynamics we"ve seen over the past few weeks, but during that time, they"ve been pretty reliable. Specifically, steep losses in stocks have been helping the bond market more often than not, and today was another exampl...Read More | ||
| Mortgage Rates Recover After Starting Slightly Higher | ||
| 3/13/2025 2:38 PM | ||
| Mortgage rates hit their highest levels in just over 2 weeks yesterday and they were on track to remain unchanged today. In fact, the average lender offered the exact same 30yr fixed rate when this morning"s initial barrage of rate sheets came out. Lenders typically publish their first rates of the day around 10am ET, and they prefer to avoid any ...Read More | ||
| Correspondent and Wholesale News; Equity Monitoring, AVM, Accounting Tools; Tech in Capital Markets; Non-Agency News | ||
| 3/13/2025 10:47 AM | ||
| Teddy Roosevelt thought that lawyers are trained to serve clients and not justice. An interesting discussion topic. Residential lending certainly has its share of legal proceedings and suits, but commercial lending does as well. For example, Wells Fargo is suing JPMorgan over a troubled $481 million commercial real estate loan made in 2019 to “reco...Read More | ||
| Paradoxical Inflation Report Reaction, PPI Edition | ||
| 3/13/2025 9:40 AM | ||
| Seemingly overnight (i.e. over the past 30 days when it comes to markets reacting to economic data), the CPI and PPI inflation numbers that normally impact bonds have been overlooked in favor of a handful of line items buried within each report. The line items in question are those that impact the PCE price index (released 2 weeks from n...Read More | ||
| Another Paradoxical Reaction to an Inflation Report | ||
| 3/12/2025 3:09 PM | ||
| Why Aren"t Bonds Happier About CPI? For the 2nd month in a row, the market"s reaction to a CPI/PPI report ended up being less about the report itself and more about its implications for the more highly regarded PCE inflation data. While we have to wait 2 weeks for official word on PCE, the CPI/PPI combinati...Read More | ||
| Highest Mortgage Rates in Just Over 2 Weeks | ||
| 3/12/2025 2:18 PM | ||
| Mortgage rates have moved up over the past 2 days, ultimately hitting the highest levels since February 24th today. While that sounds somewhat unpleasant or unfortunate, context paints a softer picture. Specifically, since February 25th, the average top tier 30yr fixed rate has been in a fairly narrow 0.12% range centered on 6.75%. ...Read More | ||