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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| Sometimes Sideways is The Best Case Scenario | ||
| 4/19/2024 3:32 PM | ||
| Sometimes Sideways is The Best Case Scenario Granted, there was a possibility that today could have been a rally day for the bond market, but as seen in the overnight trading session, that possibility depended on the escalation of war in the Middle East. There aren"t many other reasons for bonds to pu...Read More | ||
| The Case of The Disappearing Rate Cuts | ||
| 4/19/2024 3:30 PM | ||
| The Fed expected to be able to cut rates 3 times in 2024 as recently as March. Financial markets agreed. But the data that"s come out since then has everyone singing a different tune. This week"s data was more of an afterthought compared to last week"s. The chart above pertains to Fed rate expectations, and that"s not exactly the same as l...Read More | ||
| Cybersecurity, TPO, Verification Tools; Tech Tracking Whereabouts; Why Rates Are Where They Are | ||
| 4/19/2024 10:33 AM | ||
| It is “Take Your Child to Work Day” next Thursday which, if you work from home, is probably like a day off from school for the tyke. (I won’t be bringing my son Robbie to work, who, as I write this, is pedaling from Chicago to New York and bunked down last night in Union Home’s Bill Cosgrove’s humble abode.) I do not track his exact whereabouts, bu...Read More | ||
| Gradually Pulling Back From Flight to Safety Bid Overnight | ||
| 4/19/2024 9:06 AM | ||
| The overnight session began with a very clear flight to safety in stocks (sell) and bonds (buy) on headlines regarding increased hostilities between Iran and Israel. There have been plenty of "increased hostility" headlines this week that have not had much impact. These were different because the initial newswires played up the risk to ...Read More | ||
| Good News and Bad News About Today"s Selling | ||
| 4/18/2024 2:55 PM | ||
| Good News and Bad News About Today"s Selling The bad news is that bonds resumed their weaker tendencies today with 10yr yields moving back up into the 4.6"s. Culprits included stronger economic data, hawkish Fed comments, and possibly the fact that the previous day"s gains were driven by corrective sh...Read More | ||
| Mortgage Rates Higher Today, But Not Quite as High as Tuesday | ||
| 4/18/2024 2:36 PM | ||
| Tuesday marked the highest mortgage rates since November, capping a mini surge that began after last week"s inflation data. After a moderate improvement yesterday, rates moved back up toward (but thankfully not above) the recent highs today. Financial markets reacted to stronger economic data and comments from Federal Reserve officials regar...Read More | ||
| Bonds Are Back to Their Old Ways | ||
| 4/18/2024 11:09 AM | ||
| After the best day in a month and a half on Wednesday, the bond market is back to its recent habit of selling off and moving toward higher yields. It looked the losses were set to be more modest at the beginning of the day, but things got worse after Fed"s Williams delivered a bit of a hawkish shift. Williams was the one who pushed back...Read More | ||
| MSR Execution, VOI, Post-Closing Audit, Client Acquisition Tools; May Training and Events | ||
| 4/18/2024 10:12 AM | ||
| What loan officer hasn’t had a memorable co-signing experience? Some more so than others. Along those lines, if you head to Disneyland or Disneyworld, and find bone chips or ashes on the floor of your favorite ride, it is probably not an accident. Nor is eking out a gain, or at least breaking even, in residential lending an accident. At the Great R...Read More | ||
| Too Soon to Say Higher Yields Are Bringing Buyers? | ||
| 4/17/2024 3:32 PM | ||
| Too Soon to Say Higher Yields Are Bringing Buyers? Bonds enjoyed their best day in more than a month and a half on Wednesday, which can"t help but beg the question: why? Days like today require a process of elimination and some guesswork. We don"t have a big, obvious market mover in play in term...Read More | ||
| Mortgage Rates Finally Win One | ||
| 4/17/2024 3:14 PM | ||
| Mortgage rates moved lower today after hitting the highest levels since mid November yesterday. Some lenders were down as much as an eighth of a percent, which is on the bigger side for a day-over-day change for conventional 30yr fixed rates. As nice as it is to see a big improvement, it"s important to understand the nature of the move...Read More | ||
* MOL = More or Less