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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| 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 | ||
| Broker, Correspondent, Insurance, Fee Collection Tools; Catastrophes and Disasters Hit Lenders and Servicers | ||
| 10/15/2024 10:44 AM | ||
| Some things aren’t what they seem to be. What about places… what if you moved and your new home wasn’t how it originally seemed to be? There is a trend among today’s seniors, where retirees in Florida and other traditional retirement states, are pressing further north, relocating, or establishing a second home in the Southern states like Tennessee ...Read More | ||
| Stronger Start to Holiday-Shortened Week | ||
| 10/15/2024 8:36 AM | ||
| Bonds moved into stronger territory over the 3 day weekend in a move largely attributed to de-escalation in the Middle East and the sharp drop in oil prices that followed. Oil and bonds are far from perfectly correlated, but big moves in the former often get at least some attention from the latter. Gains were modest by the start of trading today bu...Read More | ||
| Boring Week For Bonds and Next Week Isn"t Much More Promising | ||
| 10/11/2024 2:58 PM | ||
| Boring Week and Next Week Isn"t Much More Promising It"s always a bit jarring to go from something like last Friday"s jobs report response to a subsequent week with very little movement, but in the grand scheme of things, it may as well have been a 9 day weekend. Actually, make that a 10 day weekend w...Read More | ||
| Mortgage Rates Side-Step Into Holiday Weekend | ||
| 10/11/2024 2:28 PM | ||
| While this week"s rates were substantially higher than most of last week"s, if we remove a few flashes of volatility, the average lender stayed very close to Monday morning"s levels. Wednesday afternoon and Thursday mid-day definitely saw multiple negative reprices, but in each case, the bond market recovered enough to limit the volatil...Read More | ||
| Loan Sale and Purchase Platform, HELOC, Automated Servicing Call Tools; November Events; Interview with Figure | ||
| 10/11/2024 10:48 AM | ||
| Preparing for the next hurricane in Florida? Or Louisiana? Or Texas? Call this really smart or really humorous, it’s up to you. (And no, I don’t know how it fared.) We do, however, know how lenders and vendors are faring. Sure, headlines blared that rates were going down, but as we all know they went up after the Fed’s 50 basis point cut a few week...Read More | ||
| No Whammies in The Data | ||
| 10/11/2024 10:14 AM | ||
| When it comes to economic data with any real significance, today only offered two reports: PPI and Consumer Sentiment. Neither have an especially stunning pedigree of market movement capability although both have inspired a decent amount of volatility on many occasions. Today is not one of those occasions. Both have come and gone....Read More | ||
| Bonds Turn Green Despite Plenty of Volatility | ||
| 10/10/2024 3:53 PM | ||
| Bonds Turn Green Despite Plenty of Volatility It was touch and go in the mid-day hours as early stability (modest gains, even) gave way to steady selling. Headlines from Fed"s Bostic (he"s not sure they"ll need to cut again in Nov) caused yields to pop to the highs of the day just before the 30yr bond...Read More | ||
| Here"s What"s Really Going on With Mortgage Rates This Week | ||
| 10/10/2024 2:59 PM | ||
| We can appreciate that the daunting task of determining what "the" actual mortgage rate may be at any given moment. The word "the" is singled out in the previous sentence because there isn"t one, perfect, singular, "going rate" for a mortgage. There"s a bell curve with most lenders near the center and a few outliers at the margins. ...Read More | ||