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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| 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 | ||
| Non-QM Products; Rocket/Mr. Cooper Deal; Disaster and Climate News; Tariff Impact Looms | ||
| 3/31/2025 10:48 AM | ||
| It’s been three years since Credit Plus re-branded as Xactus, and now another name brand in the mortgage world has a new name. Corelogic has become Cotality, leading to plenty of puns like, “If First American ever considers rebranding, let"s hope they don"t use the same agency as Corelogic, as then we"d have... Fatality.” In other current events, I...Read More | ||
| Stronger Start as Tariffs Continue Driving Flight to Safety | ||
| 3/31/2025 9:34 AM | ||
| Right out of the gate in the overnight session, stocks were weaker and bonds were stronger in a risk-off move that has become all too familiar for financial markets recently. Over the weekend, a fresh round of tariff headlines added more economic uncertainty to the mix with Trump mentioning reciprocal tariffs with "all countries" and WSJ reporting ...Read More | ||
| Mortgage Rates Move Lower Even Though They Weren"t Supposed To | ||
| 3/28/2025 4:34 PM | ||
| First thing"s first before anyone gets too excited: yes, rates fell on Friday, but not significantly. The average lender is still a bit closer to the higher end of the recent range. In addition, the recent range is quite narrow with average top tier 30yr fixed rates never straying too far from 6.75 since late February. What made today intere...Read More | ||
| Pending Home Sales Crack Half-Hearted Smile Amid Longer Term Depression | ||
| 3/28/2025 4:16 PM | ||
| The National Association of Realtors" Pending Home Sales Index (PHSI) tracks purchase contract signings that have not yet turned into Existing Home Sales. Things haven"t been going well for either sales metric for more than 2 years now--a problem that can be blamed on a combination of factors led by it"s proximity to the sharpest interest rate spik...Read More | ||