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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| Bonds Give Up Friday"s Gains | ||
| 2/18/2025 3:52 PM | ||
| Bonds Give Up Friday"s Gains Bond market volume was a little better than half of its recent average today--something that"s not shocking to see on the return from a 3 day weekend without any big ticket economic data. Overseas markets contributed to a weaker bias out of the gate, and while that stabili...Read More | ||
| Mortgage Rates Bounce Back Up | ||
| 2/18/2025 3:24 PM | ||
| Mortgage lenders were unable to update their rates yesterday as the bond market was closed for the Presidents Day holiday. Three day weekends can occasionally result in extra volatility on the first day of the new week because--in many cases--the rest of the world"s financial markets continue moving. This leaves the US bond market (which is r...Read More | ||
| Pricing, AI, DPA, Customer Service Tools; Bill Emerson Interview; Training This Week; STRATMOR CD Workshop | ||
| 2/18/2025 10:45 AM | ||
| This weekend I spent a little time in the Miami Airport and overheard two people discussing how they were waiting for a builder in Tennessee to finish their home… And hoping rates didn’t go higher. I remained mum. No one knows exactly where rates will go, but I can guarantee you that initial jobless claims for several Thursdays to come will be wonk...Read More | ||
| Limited Volatility After Losing Some Ground Over The Weekend | ||
| 2/18/2025 10:33 AM | ||
| Traders have done a reasonably good job of making it back to the office after the 3-day weekend. Volumes are almost in line with last Tuesday (also a day without any big ticket economic data in the morning). On the other hand, last Tuesday"s volumes were the lowest in over a month. All that to say: it"s a slow day so far. As always, l...Read More | ||
| Paradoxical Rally Gets Logical After Retail Sales | ||
| 2/14/2025 4:12 PM | ||
| Paradoxical Rally Gets Logical After Retail Sales If yesterday"s PPI-driven rally was a paradox, today"s continuation was quite the opposite. While it"s not the most reliable market mover among economic reports, Retail Sales can occasionally go big. Today was such an example. Including or excluding th...Read More | ||
| Mortgage Rates Drop to Lowest Levels Since December 17th | ||
| 2/14/2025 2:20 PM | ||
| The final two days of the present week weren"t on many bingo cards as of Wednesday afternoon. At the time, rates were jumping higher in response to inflation data. That same morning, the Consumer Price Index (CPI) showed consumer inflation accelerating much faster than expected last month. As we discussed yesterday, the Producer ...Read More | ||
| Refi Demand at 3 Month High Thanks to Lower Rates | ||
| 2/14/2025 1:47 PM | ||
| In this week"s update on mortgage applications from the Mortgage Bankers Association (MBA), purchases continued a modest retreat but refinance demand improved for the 2nd week in a row. This was just barely enough for the Refi index to hit the highest levels since October 2024. The uptick makes sense in light of the mortgage rate situation last ...Read More | ||
| Best Levels of The Week After Downbeat Data | ||
| 2/14/2025 10:53 AM | ||
| What a difference the past two mornings have made for a bond market that was seemingly on the ropes on Wednesday. After yesterday"s paradoxical (though, ultimately rational) rally in response to the PPI data, today"s morning momentum came down to the Retail Sales report. Bonds were flat heading into the data, so it"s not hard to imagine that things...Read More | ||
| CA Insurance, Warehouse, AI, AVM Tools; Fannie Earnings and News; Catastrophe Impact; Occupancy Felonies | ||
| 2/14/2025 10:25 AM | ||
| As rumors of the demise of HMDA reporting swirl, as well as a 50 percent reduction in HUD headcount and actual VA cuts, think about this the next time you go into a grocery store: It’s not like lending is like buying organic meat or produce. More than in most retail transactions, the organic consumer is buying both a thing and an assurance about a ...Read More | ||
| What"s Up With Today"s Paradoxical Bond Rally? | ||
| 2/13/2025 3:36 PM | ||
| What"s Up With Today"s Paradoxical Bond Rally? PPI may not be as heavy a hitter as CPI on average, but one could make a case for this week being one of the rare exceptions. Strikingly, PPI managed to HELP bonds despite the core annual number coming in much higher than expected. The catch is that J...Read More | ||