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: MBS Outperform; Bonds Stay Defiantly Sideways Overall | ||
| 9/24/2020 2:14 PM | ||
| Posted To: MBS CommentaryMBS Outperform; Bonds Stay Defiantly Sideways Overall The stock market tried a few different moves on the bond market today and while correlation is still visible at times, Treasuries generally refused to be dragged very far from home. MBS did just a bit better, benefitting from li...Read More | ||
| New Home Sales Crush Forecasts, Soaring to 14-Year Highs | ||
| 9/24/2020 10:54 AM | ||
| Posted To: MND NewsWireOnce again new home sales exceeded expectations, this time by a lot. Sales of newly built homes rose 4.8 percent in August, to a seasonally adjusted annual rate of 1.011 million. That puts sales an astounding 43.2 percent higher than they were the previous August. It was the sixth straight month of...Read More | ||
| MBS Day Ahead: Where Would We Be Without Stocks? | ||
| 9/24/2020 8:52 AM | ||
| Posted To: MBS CommentaryIt's no secret that the bond market has been sideways for a month and a half by even the strictest definitions, and broadly sideways since first settling down from the initial covid-related volatility in March. In terms of specific levels, that's .63 - .79 for 10yr yields s...Read More | ||
| Serious Delinquencies Grow, but Fewer Overall Missed Payments in August | ||
| 9/24/2020 8:13 AM | ||
| Posted To: MND NewsWireAs the COVID-19 crisis dragged into its sixth month in August the total number of mortgage delinquencies continued to ebb, but the rate of decline appears to be slowing. Black Knight, in its first look at the month"s loan performance data, found the national delinquency rate down 3 basis points to ...Read More | ||
| Ops, LO, AE Jobs; Broker, Construction, MSR Management Products; Using Digital for Customer Service | ||
| 9/24/2020 7:59 AM | ||
| Posted To: Pipeline PressI need to make a dart board for the wall behind me for Zoom calls that has “rates up” and “rates down” and “rates the same” on it. Until we see actual year-over-year inflation above 2 percent, the Federal Reserve will hold short-te...Read More | ||
| Mortgage Rates in Drift Mode | ||
| 9/23/2020 3:16 PM | ||
| Posted To: Mortgage Rate WatchMortgage rates didn"t do much today. The average lender was effectively unchanged from yesterday. The same could be said yesterday, and the day before that, and so on and so on... The only major adjustment to rates in recent weeks has been the abrupt spike of roughly 0.15% that occ...Read More | ||
| MBS RECAP: Stocks Try to Help, But Bonds Stay Relentlessly Flat | ||
| 9/23/2020 3:05 PM | ||
| Posted To: MBS CommentaryStocks Try to Help, But Bonds Stay Relentlessly Flat Econ data, Treasury auctions and Fed speakers all failed to move the needle. Bonds only showed signs of life in response to new corporate debt issuance and a big sell-off in stocks. The net effect left Treasuries and MBS effectiv...Read More | ||
| Ending Fannie/Freddie Conservatorship Still a Top Priority for FHFA | ||
| 9/23/2020 2:56 PM | ||
| Posted To: MND NewsWireMark Calabria, Director of the Federal Housing Finance Agency (FHFA) is stepping up his agency"s actions to spring Fannie Mae and Freddie Mac (the GSEs) from their decades long federal receivership. Most recently he called on the mortgage industry to give feedback on FHFA"s strategic plan which inc...Read More | ||
| FHFA Says 2-Month House Price Gain was Largest Ever | ||
| 9/23/2020 2:53 PM | ||
| Posted To: MND NewsWireHome prices rose another 1.0 percent in July, bringing the year-over-year gain to 6.5 percent according to the House Price Index (HPI) produced by the Federal Housing Finance Agency (FHFA). The agency also revised its previously reported 0.9 percent price change for June 2020 to 1.0 percent. All ni...Read More | ||
| Mortgage Application Gains Resumed Post-Labor Day, Forbearances at Recent Lows | ||
| 9/23/2020 8:35 AM | ||
| Posted To: MND NewsWireMortgage application activity rebounded last week from the previous week"s Labor Day holiday lull. The Mortgage Bankers Association"s (MBA"s) Market Composite Index, a measure of mortgage loan application volume, increased 6.8 percent on a seasonally adjusted basis and 18 percent unadjusted during ...Read More | ||