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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| Lowest Rates of The Year (Barely) After Powell Speech | ||
| 8/22/2025 2:15 PM | ||
| Heading into the week, Fed Chair Powell"s speech at the Fed"s annual Jackson Hole Symposium was only event on the calendar that held much promise for motivating any major movement in mortgage rates. Not only did it deliver on that promise, but it did so in everyone"s favorite direction. Powell didn"t pivot too much from his last major speech on Ju...Read More | ||
| Bonds Cheer Powell Pivot | ||
| 8/22/2025 9:59 AM | ||
| Today"s Jackson Hole speech gave Fed Chair Powell an opportunity to adjust his stance in light of much weaker jobs report that came out 2 days after the last Fed meeting. Powell had quite a bit to say, but the only thing the market really needed hear in order to facilitate a reaction was that the balance of risks may warrant adjusting policy. A clo...Read More | ||
| Innovative Products, Retention, Marketplace; Fair Lending Litigation; Powell Speech | ||
| 8/22/2025 7:49 AM | ||
| A few years back someone told me, “Two lenders merging in this environment is like two drunks outside a bar holding each other up.” That isn’t quite the case anymore for various reasons (we’re just one big announcement away from yet another block buster strategic deal, right?), not the least of which is certain companies are expanding while talente...Read More | ||
| Some Headwinds Ahead of Powell"s Jackson Hole Speech | ||
| 8/21/2025 2:33 PM | ||
| Some Headwinds Ahead of Powell"s Jackson Hole Speech Thursday brought the week"s only relevant econ data with 3 occasional market movers on tap. Their results were mixed, but the important development was that the inflation components of the Philly Fed and S&P PMI data agreed that price pressures ...Read More | ||
| Mortgage Rates Inch Higher Yet Again | ||
| 8/21/2025 12:03 PM | ||
| In a world (like this one) where mortgage rates are dictated by bond market movement and where bonds take cues from certain economic reports, weeks like this one can be frustrating or boring. Until today, there haven"t been any actionable economic reports to inspire a bond market reaction. Unfortunately, today"s data was relatively unfriendl...Read More | ||
| Existing Home Market Still Crawling Along The Bottom Despite Modest Bounce | ||
| 8/21/2025 9:53 AM | ||
| After sliding back in June, existing-home sales picked up in July. The latest update, released August 21, shows a modest rebound. Sales rose 2.0% to a seasonally adjusted annual rate of 4.01 million are now 0.8% higher than a year ago. As has been and continues to be the case, zooming out on the same chart puts things in the most accurate perspec...Read More | ||
| Mixed Data Making For Weaker Start | ||
| 8/21/2025 9:24 AM | ||
| Today is the only day of the week with any economic reports that are relevant to bond market movement. The results are in, and bonds aren"t thrilled. Jobless Claims and the Philly Fed headline helped initially. Yields moved back to unchanged levels after some overnight weakness, but the higher inflation component in Philly Fed was alrea...Read More | ||
| Almost No Reaction to Fed Minutes | ||
| 8/20/2025 2:19 PM | ||
| Almost No Reaction to Fed Minutes As expected, today"s Fed Minutes (a more detailed account of the meeting that took place 3 weeks ago) had very little impact on the bond market. Markets honed in on one newswire in particular which noted the Fed saw inflation risks outweighing employment risks. This, of cou...Read More | ||
| Mortgage Rates Barely Budge | ||
| 8/20/2025 1:57 PM | ||
| For the 11th straight business day, mortgage rates are very close to the levels from the end of the previous day. Over the past week, however, most of these small day-to-day movements have been microscopically higher. Today"s is no exception. The net effect is that the average top tier 30yr fixed rate is up from 6.53% last Wednesday to...Read More | ||
| Mortgage Applications Inconsequentially Lower vs Last Week | ||
| 8/20/2025 11:39 AM | ||
| Mortgage application activity eased last week, but not in a statistically significant way. One might be inclined to note a very slight uptick in mortgage rates, but it"s just as fair to say that rates held steady near longer-term lows. The Mortgage Bankers Association’s weekly survey showed a 1.4% decline in the seasonally adjusted Comp...Read More | ||