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 Rate Winning Streak Ends Gently | ||
| 5/8/2024 3:47 PM | ||
| Yesterday, we took a look at the recent winning streak for mortgage rates. Specifically, they had moved lower for 5 straight days--a feat only achieved two other times this year. While there have been streaks more than twice as long, the odds of a pull-back start increasing pretty quickly at the 5 day mark and today provided fresh evide...Read More | ||
| Token Pull Back Keeps Things Boring | ||
| 5/8/2024 3:44 PM | ||
| Token Pull Back Keeps Things Boring Coming into this week, we expected things to be boring and sideways after last week"s more directional movement. So far, everything is going according to that plan. In order to maintain a boring, sideways stance today, the bond market needed to do a bit of sel...Read More | ||
| Slightly Weaker Start Ahead of Afternoon Treasury Auction | ||
| 5/8/2024 10:41 AM | ||
| One of the notions surrounding the Treasury auction cycle is that the bond trading community tends to build in a "concession" ahead of any given auction. That"s a fancy word to say "rates go higher." Clearly, if that was always the case, speculators could reliably bet on it and, over time, it would get back to being less of a certainty....Read More | ||
| Hedging, Community Lending, Verification, CRM, Warehouse Products; NAR Reports on Q1; FHA and USDA Changes | ||
| 5/8/2024 10:25 AM | ||
| After a very long travel day filled with odd, time-sucking delays, when I arrived in Birmingham I was happy to hear Alabama on the Uber car’s radio singing, “My Home’s in Alabama.” “That my home"s in Alabama, no matter where I lay my head. My home"s in Alabama, Southern born and Southern bred.” Home prices in Alabama have tended to mimic many parts...Read More | ||
| Economic Data Cools Rates, Boosts Application Volume | ||
| 5/8/2024 7:16 AM | ||
| Lower interest rates allowed mortgage activity to rise modestly during the week ended May 3. It was the first increase in three weeks. The Mortgage Bankers Association said its Market Composite Index, a measure of the volume of mortgage applications, rose 2.0 percent on a seasonally adjusted basis compared to the prior week and 3.0 percent before a...Read More | ||
| Strong in The AM, Weaker in The PM | ||
| 5/7/2024 3:06 PM | ||
| Strong in The AM, Weaker in The PM Bonds improved fairly steadily in the AM hours. After an initial glut of buying demand in the first hour of trading, there was a linear trend channel to the best level of the day right at noon ET. After that, a similarly linear trend took bonds back toward (but...Read More | ||
| Mortgage Rates Just a Bit Lower as Winning Streak Hits 5 Days | ||
| 5/7/2024 2:58 PM | ||
| There have been 3 winning streaks for mortgage rates in 2024 where the average rate has moved lower for at least 5 days and where the conventional 30yr fixed rate has fallen by more than 0.25%. Before today, there were only two. The present example didn"t receive a notable boost from its 5th consecutive day of improvement, and th...Read More | ||
| Fee Collection, Flood Insurance, Servicing, DPA Products; Redwood and Home Equity; Agency News | ||
| 5/7/2024 10:33 AM | ||
| Lynyrd Skynyrd sang, “Sweet home, Alabama, where the skies are so blue…” Through the wonders of airship transportation, today I’m off to Alabama. The skies won’t be blue all the time with some rain in the forecast, but that won’t stop attendees at the conference learning about reigning in credit costs, why rates are doing what they’re doing, and ar...Read More | ||
| Overseas Markets Return (To Buy Bonds) | ||
| 5/7/2024 9:25 AM | ||
| The theme of "waiting" amid an empty calendar will be played out by the end of the week (if it"s not already played out from most of the past year spent waiting for only a handful of key events each month). Despite a few scattered events on today"s calendar, none of them are worth any significant potential volatility for bonds. Without big ti...Read More | ||
| Uneventful Start to What May be an Uneventful Week | ||
| 5/6/2024 3:57 PM | ||
| Uneventful Start to What May be an Uneventful Week Without any big ticket events or major news headlines, it was no surprise to see bonds bounce around in a narrower sideways range. Data-free Mondays are often superfluous when it comes to informing the big picture and today was no exception. It might ...Read More | ||