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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| MBS RECAP: Bonds Live to Die Another Day | ||
| 6/24/2019 3:59 PM | ||
| Posted To: MBS CommentaryFriday was tense for the bond market, with selling pressure that was just big enough to cause concern about a bigger correction, and buying support that was consistent enough to suggest we still had a chance. Today's trading quickly proved it was buyers who had better control o...Read More | ||
| Rates Catch a Break to Remain Near Long-Term Lows | ||
| 6/24/2019 2:39 PM | ||
| Posted To: Mortgage Rate WatchMortgage rates were generally flat today, depending on the lender. Some were noticeably better while others were a hair worse. In both cases, rates are very close to the lowest levels since late 2016. Changes from Friday would most likely be measured in terms of upfront costs as op...Read More | ||
| Mortgage Prepays Continue to Mount, Doubling in Four Months | ||
| 6/24/2019 10:27 AM | ||
| Posted To: MND NewsWireMortgage prepayment rates have continued to rise as interest rates move lower. Black Knight says prepayments increased by 24.31 percent in May compared to April and 32.17 percent on an annual basis. The company, in its "first look" at loan performance data for May, says the Single Monthly Mortality...Read More | ||
| Tons of Upcoming Training and Events; Loan Delivery and Construction Products | ||
| 6/24/2019 8:32 AM | ||
| Posted To: Pipeline PressI start the last week of June in Park City, Utah at a STRATMOR meeting and with a correction. In discussing tax laws in Saturday’s commentary I wrote, “The new law limits the deductibility of mortgage interest payments to $10,000, thereby reducing tax inc...Read More | ||
| MBS Day Ahead: Guarding Against a Technical Bounce Before Decision Time | ||
| 6/24/2019 8:19 AM | ||
| Posted To: MBS CommentaryIn the week just past, bonds were preoccupied with central bank communications. Wednesday's Fed announcement was going to be the only game in town, but Draghi's speech at the SINTRA conference (which promised rate cuts and additional easing) set a positive tone for bonds on...Read More | ||
| MBS RECAP: Bonds Reject Post-Fed Rally | ||
| 6/21/2019 5:46 PM | ||
| Posted To: MBS CommentaryThe bond market took an entire day to reiterate what it told us yesterday afternoon. Simply put: it's not interested in rallying much more than it already had before Wednesday's Fed announcement. Underlying data and events have been a nonissue throughout this bounce. Bonds ...Read More | ||
| Mortgage Rates Slightly Higher; More Volatility on The Horizon | ||
| 6/21/2019 5:46 PM | ||
| Posted To: Mortgage Rate WatchMortgage rates have had an impressive run --the best since 2011, in fact, when it comes to total peak to trough movement. That winning streak might not even be over, but every time rates bounce recently--even if only slightly--it"s cause for concern. For one of a few potential reas...Read More | ||
| Many Larger Lenders Cut Back on FHA Lending Due to False Claims Act | ||
| 6/21/2019 11:59 AM | ||
| Posted To: MND NewsWireAfter the housing crisis and faced with a flood of insurance claims, FHA and the Department of Justice responded with enforcement efforts against lenders that had made underwriting mistakes , levying large fines, requiring more indemnification, and bringing claims of fraud under the False Claims Ac...Read More | ||
| Existing Home Sales and Inventory Bouncing Back - Prices Too | ||
| 6/21/2019 10:22 AM | ||
| Posted To: MND NewsWireExisting home sales broke out of a two-month slump in May, rising by 2.5 percent compared to April and beating, by a considerable margin, analysts" consensus expectations. The National Association of Realtors® said sales of single-family homes, townhomes, condominiums, and co-ops were at a seas...Read More | ||
| MBS Day Ahead: Start Preparing For Bigger Moves Ahead | ||
| 6/21/2019 9:16 AM | ||
| Posted To: MBS CommentaryIn the day just past, bonds initially extended the post-Fed gains with 10yr yields briefly hitting 1.973% before bouncing to end unchanged on the day. The selling was almost exclusively motivated by technicals and tradeflows with the average bond trader actively looking out for a c...Read More | ||