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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| Steady Gains in the PM Hours | ||
| 6/30/2025 3:45 PM | ||
| Steady Gains in the PM Hours It"s common to see the effects of month/quarter-end trading most prominently in the PM hours and today"s quarter-end session was no exception. A glut of bond buying just after 12:30pm got the part started and yields bottomed out just before the 4pm NYSE close. While 4pm is...Read More | ||
| Mortgage Rates Take Another Step Toward April Lows | ||
| 6/30/2025 2:28 PM | ||
| April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the "mid 6"s." Many lenders were able to quote 6.5% at the time. Just a few days ago, we noted there was still a ways to go before breaking below those early April levels, but the past few days have taken us within striking distance. The average lender...Read More | ||
| Automation, HELOC Products; The Current State of Regulation and Compliance; Interest Rates Sagging | ||
| 6/30/2025 10:42 AM | ||
| “The seminar ‘How to avoid frauds’ is canceled. Tickets are non-refundable.” Mortgage fraud is alive and well in the United States. In Utah, Kouri Richins, 35, the Kamas mother who is accused of killing her husband and writing a children’s book about grief is facing 26 new felony charges, including five counts of mortgage fraud. It certainly is not...Read More | ||
| Slow, Sideways Start, But Month-End Volatility Always a Possibility | ||
| 6/30/2025 9:14 AM | ||
| Month/quarter end trading is a somewhat esoteric and potentially frustrating concept for the typical market watcher because it seemingly violates the notion that market move for logical underlying reasons. To be fair, month-end volatility also has logical underlying reasons, but the logic requires a fairly deep dive (which is why we have a pr...Read More | ||
| Modest Friday Bounce Does Little to Alter Bigger Picture | ||
| 6/27/2025 2:24 PM | ||
| Modest Friday Bounce Does Little to Alter Bigger Picture After a decent mid-day recover, bonds gave up their gains heading into the 3pm close. It"s a level of weakness that demands no explanation in the bigger picture--especially on a Friday afternoon of a week with a rally on every single previous da...Read More | ||
| Mortgage Rates Not Too Far From 8 Month Lows | ||
| 6/27/2025 12:16 PM | ||
| Friday"s mortgage rates ended up being right in line with Thursday"s on average. At 6.72%, the MND daily rate index is as low as it"s been since early April when it hit 6.60%. If you"re thinking that 6.72 doesn"t sound much higher than 6.60, you"re right! Mortgage lenders tend to offer rates in 0.125% increments, so we"re really only o...Read More | ||
| HELOC, Ops Tools; STRATMOR and Servicing; The Importance of Marketing; Freddie Fannie News | ||
| 6/27/2025 10:57 AM | ||
| Does anyone pay with cash anymore, or actually have the money in their bank account? Credit card debt is now $1.1 trillion. There is even a credit card just for automotive repairs! With those “Buy Now Pay Later” arrangements being added to the FICO reports, MLOs are asking, “What are delinquencies like? Will these add to, or subtract from, my pool ...Read More | ||
| Pending Home Sales Data Scores Some Points, But Not Enough to Change The Game | ||
| 6/27/2025 10:36 AM | ||
| The National Association of Realtors" Pending Home Sales Index (PHSI)—which tracks contract signings on existing homes—has remained rangebound for more than two years, constrained by affordability pressures and elevated mortgage rates. This week’s update showed a modest improvement, but the broader story hasn’t changed. Pending home sales rose by ...Read More | ||
| New Home Sales Drop to Lower End of Range After Hitting The Highs Last Month | ||
| 6/27/2025 10:06 AM | ||
| New Home Sales fell sharply in May according to the latest report from the U.S. Census Bureau and HUD. After a brief surge in April, the seasonally adjusted annual pace dropped to 623,000—down 13.7% from April"s revised reading of 722,000 and 6.3% lower than the same month last year. When last month"s data originally came out, the annual pace of 74...Read More | ||
| Mortgage Applications Buoyed by FHA Refis | ||
| 6/27/2025 9:48 AM | ||
| Mortgage application activity moved slightly higher last week despite a modest uptick in rates, according to the Mortgage Bankers Association’s (MBA) latest survey. The Composite Index rose 1.1% on a seasonally adjusted basis for the week ending June 20, with a small gain in refis offsetting a minor decline in purchase activity. Results included an...Read More | ||