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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| Mortgage Rates Jump Back Up Toward 7% | ||
| 10/5/2022 3:19 PM | ||
| The mortgage rate world has been on a wild ride in general, and even more so in the past few weeks. The crux of the drama was a British fiscal policy announcement that sent financial markets into a tailspin just after the September 21st Fed Announcement. The initial reaction was a sharp increase in rates that peaked the following Tuesda...Read More | ||
| Confirmation of What We Probably Already Knew | ||
| 10/5/2022 3:08 PM | ||
| Confirmation of What We Probably Already Knew Bonds began the day in weaker territory after a slew of "not-too-terrible" economic data in Europe. Additionally, from a technical perspective, bonds probably were getting back into territory consistent with de-escalating from the recent British drama.&nbs...Read More | ||
| Bonds On The Back Foot Ahead of ISM Data | ||
| 10/5/2022 8:58 AM | ||
| As feared, the recent rally in the bond market is quickly proving that it was fueled by a correction from panicked levels surrounding the UK drama in the last week of September rather than some new inspiration to begin a sustainable move lower in rate. Yesterday"s job openings data helped extend modest gains that may have otherwise ended up b...Read More | ||
| Customer Retention, DPA, Paperless Products; Investor Disaster News; STRATMOR HELOC Survey | ||
| 10/5/2022 8:21 AM | ||
| Yogi Berra, when asked about staying in a particular hotel, replied, “The towels were so thick there I could hardly close my suitcase.” I’ve attended my share of conferences in the last few months (no towels were purloined), and the two big general concerns for lenders everywhere are a) providing the best products, price, and service to clients, an...Read More | ||
| Application Volume Plunges to 25 Year Low | ||
| 10/5/2022 6:44 AM | ||
| There were two storms brewing last week and each contributed to driving mortgage applications to generational lows. The Mortgage Bankers Association (MBA) said the continuing rise in interest rates and the devastating hurricane that hit Florida and the Carolina’s contributed to a double-digit decline in its indices that measure mortgage application...Read More | ||
| Mortgage Rates Lowest in More Than a Week | ||
| 10/4/2022 3:53 PM | ||
| We"re measuring our mortgage rate spikes in terms of years and decades at the moment. Progress in the other direction has been elusive--especially since the beginning of August. Since then, mortgage rates haven"t been able to string together any sort of winning streak lasting more than a few days. On a slightly broader note, we ha...Read More | ||
| Bonds Might Have Lost Ground Today if Not For Big Data Surprise | ||
| 10/4/2022 3:36 PM | ||
| Bonds Might Have Lost Ground Today if Not For Big Data Surprise Bonds ended up scratching out modest gains today, but that wasn"t necessarily destined to be the case from the outset. In fact, sellers took the upper hand between 930 and 10am before being driven off by the staggeringly big drop in job o...Read More | ||
| Bonds Receive a JOLT of Support | ||
| 10/4/2022 12:01 PM | ||
| Bonds got off to a decent start in the overnight session with help from a lower-than-expected rate hike from the RBA (Australia"s central bank) and ongoing recovery in EU bond markets. Gains were in question until the 10am release of the JOLTS data (Job Openings and Labor Turnover Survey). Granted, gains still could be in question by th...Read More | ||
| MLO Jobs; Automation, MSR Valuation Tools; STRATMOR Comp Data and Survey; Events and Training | ||
| 10/4/2022 8:02 AM | ||
| Now we have a butter shortage raising prices ahead of the holidays. Great. While margarine makers are licking their chops over the news, vegans and other readers should know that no animals are ever harmed in the making of this commentary! But speaking of harm, in the current environment, and probably for the next couple quarters, vendors and lende...Read More | ||
| Construction Numbers Boosted by Residential Remodeling | ||
| 10/3/2022 3:15 PM | ||
| Spending on residential construction, while down a bit in August and in spite of the gloom and doom about the housing market, continues to run significantly higher than in 2021. This is also true, although to a lesser extent, for construction spending as a whole. The U.S. Census Bureau put spending on all public and privately funded construction d...Read More | ||