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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| A Bit of Meaningless Weakness. More Important Stuff On Deck | ||
| 12/4/2023 2:29 PM | ||
| A Bit of Meaningless Weakness. More Important Stuff On Deck Bonds lost ground to start the new week, but not for any compelling reasons. If we could even make a case for the weakness being caused by something, we"d be forced to rely on unsatisfying explanations like technical corrections or a leveling...Read More | ||
| Mortgage Rates Move Slightly Higher, But Still Effectively at 3-Month Lows | ||
| 12/4/2023 2:29 PM | ||
| Apart from this past Friday, you"d have to go back to September 1st to see lower mortgage rates than today. It probably makes the best sense to view last Friday as a slightly overdone rally as opposed to viewing today as some sort of ominous shift. More importantly, it probably doesn"t matter which way it"s viewed because the incoming econom...Read More | ||
| Sellers Cash in on "Too Much of a Good Thing" | ||
| 12/4/2023 10:45 AM | ||
| Bond rallies = lower rates. We like bond rallies. But when rates fall too quickly or consistently, it can be too much of a good thing. That"s a phenomenon we were already discussing in the first half of last week, but Friday"s rally took it to the next level with 10yr yields moving below 4.20%. That"s an 80+ bp rally in just...Read More | ||
| TPO, Subservicing, Marketing, CRA Products; Training and Webinars; Podcast Interview with Dr. Elliot Eisenberg | ||
| 12/4/2023 9:43 AM | ||
| “People would learn more from their mistakes if they weren’t so busy denying them.” Here’s a little trivia for the compliance folks in the coffee room: The CFPB handles 20,000 consumer complaints per week, and given that financing a home, and then servicing the loan, is the largest financial transaction most individuals go through, you gotta figure...Read More | ||
| Another Surprisingly Strong Day For Mortgage Rates | ||
| 12/1/2023 4:05 PM | ||
| Just yesterday, we were nodding in agreement and acceptance of the fact that rates were better served by cooling off a bit (read: "rising") after improving at a pace that seemed too quick for the motivations earlier in the week. In other words, it was a bit of a pickle to explain why Tuesday and Wednesday"s news and data were worth a surge to...Read More | ||
| Another Surprisingly Eager Bond Rally Suggests Caution and Opportunity | ||
| 12/1/2023 4:04 PM | ||
| Another Surprisingly Eager Bond Rally Suggests Caution and Opportunity Two days ago, the focus of the analysis was on the potentially puzzling level of strength in the bond market (i.e. gains seemed a bit overdone relative to motivations). In fact, we welcomed yesterday"s bump in yields as something that ma...Read More | ||
| No Whammies From ISM and Powell | ||
| 12/1/2023 11:28 AM | ||
| With it being the first trading day of a new month and a Friday, it"s hard to determine the extent to which traders planned to buy bonds today providing an absence of the proverbial whammies. At the very least we can say not only were there no whammies in either of today"s two key events, but both were arguably slightly supportive. ...Read More | ||
| Wholesale, TPO, Verification, Appraisal Products; What are Lenders Doing About Rising Credit Costs? | ||
| 12/1/2023 11:04 AM | ||
| Yesterday, a clown held the door open for me. It was such a nice jester. On the flip side, it’s not nice being taken advantage of and lenders are feeling Thunderstruck about, as this Commentary has mentioned several times, credit costs being jacked (more below). On the inflation theme and a little more mainstream, for me and plenty of people who re...Read More | ||
| Mortgage Rate Winning Streak Finally Ends, But Just Barely | ||
| 11/30/2023 2:08 PM | ||
| If you count the Friday after Thanksgiving as a business day, mortgage rates had fallen for 6 straight days as of yesterday afternoon. Moreover, they"d reached the lowest levels in 3 months and had put an impressive amount of distance between themselves and the highs seen just over a month ago. Ironically, yesterday"s analysis expressed some...Read More | ||
| Pending Sales Slide to 20-year Low | ||
| 11/30/2023 11:26 AM | ||
| The National Association of Realtors® (NAR) said its Pending Home Sale Index (PHSI) established a record low in October. The Index, a forward-looking indicator of contracts signed to purchase single-family homes, townhomes, condominiums, and cooperative apartments, dropped 1.5 percent to 71.4 in October, the lowest number since the index was origi...Read More | ||