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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| Today"s Data is What Bonds Were Afraid Of | ||
| 10/3/2023 10:25 AM | ||
| In the wake of the Fed announcement from 2 weeks ago, one key component of our bearish thesis was that bonds had to brace for the potential impact that would result from data being strong in the first week of October. It is now the first week of October and data has been stronger. This morning"s JOLTS (job openings and labor turnover su...Read More | ||
| Cybersecurity, CE, CRM, Warehouse Products; Disaster News and Insurance - Scaling Back in FL and CA | ||
| 10/3/2023 10:00 AM | ||
| How will you always know that this Commentary is not produced by some AI thingy? Because of mistakes like yesterday, leaving Illinois off the list of top pumpkin growing states as several folks pointed out (thank you). Here are pumpkin stats out the proverbial wazoo. What autumn would be complete without this map of when fall foliage is peaking acr...Read More | ||
| Bonds Blasted by Data and Stop-Gap | ||
| 10/2/2023 3:39 PM | ||
| Bonds Blasted by Data and Stop-Gap The stop-gap bill that averted the government shutdown was worth some instant selling in the bond market. It was not a given that this would be the reaction as past examples have gone both ways. We also can"t rule out random tradeflows associated with the chang...Read More | ||
| Mortgage Rates Back Near Long-Term Highs | ||
| 10/2/2023 3:39 PM | ||
| The average didn"t quite make it back to the multidecade highs seen last week, but the average borrower would see little--if any--difference in today"s rate quotes. This represents a fairly big jump up from Friday (which saw a nice correction down from Thursday"s highs). There are a few culprits--some specific, some general. One specif...Read More | ||
| Optimization, Document Tracking, MSR Financing Products; Saving Money on Credit Reports and CE | ||
| 10/2/2023 9:32 AM | ||
| As President Jimmy Carter celebrated his 99th birthday seven months into hospice, welcome to the 4th quarter! (Will lenders experience any “Q-4-ia”? Say out loud.) Let’s talk U.S. lists! California, Indiana, Michigan, Texas, and Virginia are top five in pumpkin growing. The National Association of Realtors, U.S. Chamber of Commerce, Pharmaceuticals...Read More | ||
| With Shutdown Averted, Bonds Get Back to Same Old Trend | ||
| 10/2/2023 9:05 AM | ||
| Nearly 2 weeks ago, the Fed announcement (specifically, the economic projections and dot plot) kicked off a repricing trend in the bond market otherwise known as "higher for longer." The net effect had been excess upward pressure on longer-term yields and a modest decline in shorter-term yields. Bonds managed to correct at the end of last wee...Read More | ||
| Fairly Huge Improvement in Rates Followed by Some Deterioration | ||
| 9/29/2023 4:57 PM | ||
| It depends quite a bit on the lender in question, but at some point between yesterday morning and this morning, the average lender dropped rates at the fastest single-day pace in months. Before you get excited, there"s a catch--two or three of them actually. The first catch is that some lenders split that improvement between yesterday afternoon an...Read More | ||
| Bonds Almost Hold Onto Gains Ahead of Shutdown Uncertainty | ||
| 9/29/2023 2:51 PM | ||
| Bonds Almost Hold Onto Gains Ahead of Shutdown Uncertainty Bonds improved moderately overnight, adding onto what was already a fairly substantial recovery yesterday. The morning"s PCE data was slightly lower than expected, but bonds didn"t seem unequivocally happy about that. There was a modest ...Read More | ||
| Leveling Off Into The Weekend (We Hope) | ||
| 9/29/2023 11:24 AM | ||
| The trading day began on a fairly positive note with a strong hand-off from Europe and reasonably friendly inflation data at 8:30am. After a few moments of indecision, bonds rallied modestly on the data, but have been giving back the gains as we head into the PM hours. The rest of the day may be dictated by month/quarter-end tradeflows ...Read More | ||
| Accounting, JV Partner, Credit, Stand-Alone 2nd Products; Shutdown Primer for Lenders; Tax Transcripts? | ||
| 9/29/2023 9:25 AM | ||
| Shutdown or no shutdown, the National Park Service’s Fat Bear Week is approaching, focused on how these behemoths tip the scale. Here’s your tip of the day: Having books in your Zoom background makes you seem more trustworthy. What if one of them is “The Complete Idiot’s Guide to Mortgages”? Maybe put some gold bars on the shelf instead? You can bu...Read More | ||