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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| Late Day Volatility on Tariff Speech | ||
| 4/2/2025 4:44 PM | ||
| Late Day Volatility on Tariff Speech The long-awaited tariff speech took markets for a ride in both directions this afternoon. After the dust settled, the net effect was "buy bonds, sell stocks." Notably, that was a sharp departure from the initial net effect during the early part of Trump"s speech. The ult...Read More | ||
| Mortgage Rates Edge Slightly Higher, But Tomorrow is Anyone"s Guess | ||
| 4/2/2025 4:08 PM | ||
| Mortgage rates didn"t move much today, which is pretty crazy considering the volatility present in financial markets in the afternoon. That"s when the long awaited tariff announcement speech took place. There was always a decent chance of a whipsaw in response and a whipsaw is what we got. Fortunately, the net effect for the bond marke...Read More | ||
| Choppy, But Sideways Morning Leaves Focus on Afternoon Headlines | ||
| 4/2/2025 11:06 AM | ||
| This morning"s ADP Employment data was the only potential market mover for bonds, at least as far as scheduled data is concerned. Despite coming out a bit higher than expected, bonds opted to maintain the rally trend that had been intact since the start of European trading overnight. That resulted in moderate gains at the start of the 9:30am ...Read More | ||
| HELOC, Credit Union, Non-QM Products; Wholesale, Reverse, Vendor Partnership News | ||
| 4/2/2025 10:44 AM | ||
| Does anyone use the term “elderly” anymore? Websters defines elderly as “anyone past middle age,” “middle age” being 45-64. Prepare for a fight if you call anyone 65 “elderly” especially when places like The Villages exist. That aside, want to help your older clients? Pass along this list of discounts, for various ages, on items like airline ticket...Read More | ||
| Data Helped, But Wild Cards Remain on Deck | ||
| 4/1/2025 3:19 PM | ||
| Data Helped, But Wild Cards Remain on Deck This morning"s economic data wasn"t immediately and obviously worthy of credit for the bond rally that followed, largely because the bond rally that followed was fairly small. Most of the day"s gains were in place beforehand. The data (lower ISM/employment, j...Read More | ||
| Lowest Mortgage Rates in Nearly a Month | ||
| 4/1/2025 2:29 PM | ||
| While interest rates continue operating in a range that is generally flat and narrow over the past 5 weeks, it"s also true that today"s rates are on the lower edge of that range. Because there"s not much of a gap between the highs and the lows, it didn"t take a major move to facilitate today"s little victory, but it is notable that we"ve seen 3 vic...Read More | ||
| Angel Oak/Brookfield Deal and More Mergers; Audit, POS, Non-QM, Automation Tools ; Webcasts and Training This Week | ||
| 4/1/2025 10:41 AM | ||
| This ain’t no April Fools economic news: not only has Hooters declared bankruptcy, but apparently there is yet another push to have credit unions pay income taxes. “Right now, leaders in Congress are discussing how to fund an extension of the Tax Cuts and Jobs Act (TCJA). Some lawmakers are considering a new tax on all credit unions as part of the ...Read More | ||
| Bonds Look Past Higher Manufacturing Prices | ||
| 4/1/2025 9:33 AM | ||
| There have certainly been days where the "prices paid" component of the ISM Manufacturing data has been responsible for sending bond yields higher. Today is not one of them, even though prices surged to the 2nd consecutive multi-year high. This likely would not be the case if it was the only data in play, but thankfully for bonds, the re...Read More | ||
| Month End Buying Pushes Back on Mid-Day Weakness | ||
| 3/31/2025 2:48 PM | ||
| Month End Buying Pushes Back on Mid-Day Weakness Bonds began the day in stronger territory as investors reacted to weekend tariff news with a risk-off move. Stocks bounced shortly after the NYSE open and bond yields were pulled higher in concert. That prevailing correlation broke down arou...Read More | ||
| Mortgage Rates Inch Lower, But Remain Broadly Sideways | ||
| 3/31/2025 2:30 PM | ||
| "Sideways" has been the dominant theme for mortgage rates for well over a month now. The average top tier 30yr fixed rate fell below 6.82% on February 25th, and moved down to 6.70% the following week. We haven"t been outside of that range since then. Today was just another day in that regard, or perhaps even a prime example considering it wa...Read More | ||