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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| Fairly Big Sell-Off, But Last Week"s Range is Intact | ||
| 10/17/2024 4:27 PM | ||
| Fairly Big Sell-Off, But Last Week"s Range is Intact Bonds dealt with a trifecta of unfriendly economic data today with slightly stronger Retail Sales leading the charge. Jobless claims and Philly Fed certainly didn"t help. In the desert of data that exists between each month"s jobs reports, onl...Read More | ||
| Mortgage Rates Move Higher After Stronger Economic Data | ||
| 10/17/2024 2:45 PM | ||
| Mortgage rates are driven by the bond market and bonds consistently take cues from economic data. Traders have been waiting on this Thursday"s economic data ever since last Thursday, largely because there haven"t been any major reports between now and then. The market constantly tries to adjust based on whatever it thinks it can know ahead o...Read More | ||
| Trifecta of Unfriendly Economic Reports For Bonds | ||
| 10/17/2024 10:53 AM | ||
| Ever since last Thursday"s econ data failed to cause a stir in financial markets, we knew we"d be waiting until today for big, data-driven volatility potential. Volatility goes both ways depending on the tone of the data. Unfortunately for bonds, all three of this morning"s economic reports were stronger than expected. The resulti...Read More | ||
| Correspondent, SMS, Social Media Compliance Offerings; Vendors Raising Money; STRATMOR on Loan Repurchases | ||
| 10/17/2024 10:43 AM | ||
| Today would have been the 65th birthday of comedian Norm Macdonald. And while that may make your head shake, here’s something else that definitely will: Hurricane Milton will result in an estimated $36 billion in insurance claims due to damage from wind, storm surges, and flooding, following Hurricane Helene’s $19 billion. For those without an HP-1...Read More | ||
| Thursday Morning is This Week"s Biggest Volatility Risk | ||
| 10/16/2024 3:24 PM | ||
| Thursday Morning is This Week"s Biggest Volatility Risk While there was certainly a bit of an upward drift in Treasury yields through the end of last week, mortgage rates and MBS saw it as a bit more of a sideways grind. Last Thursday"s data had a chance to create some momentum, but ultimately failed....Read More | ||
| Mortgage Rates Hold Steady Ahead of Retail Sales Data | ||
| 10/16/2024 2:44 PM | ||
| Mortgage rates have been holding in a fairly narrow range since the middle of last week and today was one of the least interesting additions to the trend. The average lender is essentially unchanged versus yesterday, up a mere 0.01%, but down 0.02% from last Friday. Mortgage rates are primarily a function of trading levels in the bond market...Read More | ||
| Correspondent, Fraud Reporting, Compliance, Default Servicing Products; Fairway Responds to CFPB/DOJ"s Action | ||
| 10/16/2024 10:46 AM | ||
| An attorney will tell you, “Never miss a good chance to shut up.” Today I head to the Portland/Vancouver area for a few days with Banner Bank. Oregon has 12,000 licensed attorneys, Washington 27,000; number of regulators and administrators unknown. (Hear Mark Calabria interviewed tomorrow.) Banking Law 360 reported that, “At a tough-talking appeara...Read More | ||
| Mixed, Slightly Stronger Start, But Still Waiting For Thursday"s Data | ||
| 10/16/2024 9:48 AM | ||
| The market was hungry for data before the jobs report week and has been even hungrier since then. Unfortunately, there haven"t been many compelling reports and, more importantly, no results that have been far enough away from expectations to cause much drama. Last week"s Jobless Claims number could have been the only exception, but it w...Read More | ||
| Uneventful Day, But That"s a Victory These Days | ||
| 10/15/2024 3:34 PM | ||
| Uneventful Day, But That"s a Victory These Days Last week"s bond market action offered some glimmers of hope that the most recent jobs report wouldn"t cause ongoing momentum toward higher rates, but yields nonetheless hit their highest levels on Thu/Fri. Today is a victory in that context as bonds mov...Read More | ||
| Mortgage Rates Sideways to Slightly Lower | ||
| 10/15/2024 3:03 PM | ||
| The average mortgage lender is quoting rates that are just a fraction of a hair lower today compared to last Friday. Lenders were either closed or otherwise not able to update rates yesterday due to the Federal holiday. Anything other than "higher" is a victory recently. Rate jumped at the 2nd fastest pace of the year after the j...Read More | ||