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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| Wild Round Trip Leaves MBS Weaker Despite Huge Initial Rally | ||
| 4/4/2025 4:19 PM | ||
| Wild Round Trip Leaves MBS Weaker Despite Huge Initial Rally MBS ended Friday right about where they ended Thursday, and if that"s all you got to know about the future on Thursday afternoon, it would have been good news. But as it stands, it could be a bit frustrating considering it means about 3/8ths of a ...Read More | ||
| Rate Rally Reverses, But Focus on Bigger Picture | ||
| 4/4/2025 3:29 PM | ||
| This week is ending with the average top tier 30yr fixed mortgage rate at its lowest level since early October, 2024. The only way to be disappointed about that would be to focus on the fact that rates were even lower this morning. Rates fell sharply due to the market"s ongoing reaction to Wednesday"s tariff announcement and especially due to Chin...Read More | ||
| Mortgage Applications Ebbed This Week, But Next Week Could Be a Different Story | ||
| 4/4/2025 1:59 PM | ||
| The Mortgage Bankers Association (MBA) released the latest mortgage application data this week showing a modest 1.6% decrease from the previous week. A slight uptick in purchase applications was more than offset by a downtick in refi applications, but both remain in solid territory relative to the prevailing range and interest rate environmen...Read More | ||
| Subservicer, Non-Agency Products; Trigger Leads, HECM, FHA News; Does a Slow Economy Equal Lower Rates? | ||
| 4/4/2025 10:41 AM | ||
| Ahead of next week’s MBA Advocacy event in Washington DC, I received this note from an industry vet. “With the continued consolidation into the large non-banks, are you hearing any rumbling about the level of risk building in these less regulated and less capital-intensive entities? If we are likely to face a recession, with rising delinquencies bu...Read More | ||
| Huge Overnight Gains on Trade War Escalation; Jobs Report an Afterthought | ||
| 4/4/2025 10:37 AM | ||
| Despite today being "jobs report Friday," and despite the jobs report perennially having the power to cause big volatility for financial markets, overnight developments proved to be far more consequential. Specifically, China"s announcement of retaliatory tariffs send stocks and bond yields into a swan dive at 6am ET. The stronger jobs ...Read More | ||
| Big, Early Rally, Then Flat All Day | ||
| 4/3/2025 3:48 PM | ||
| Big, Early Rally, Then Flat All Day On any given day in the bond market, Sometimes everything that"s going to happen ends up happening in the morning, thus leaving the rest of the day to drift almost perfectly sideways. Thursday was one of those days. Overseas markets dogpiled on Wednesday afternoon"s tarif...Read More | ||
| Lowest Mortgage Rates in More Than 5 Months | ||
| 4/3/2025 2:42 PM | ||
| Yesterday afternoon"s tariff announcement sent financial markets on a ride that ultimately resulted in sharply lower stock prices and moderately lower bond yields. Stocks don"t always correlate with bond yields, but that has been a common pattern since late February. The correlation between bond yields and mortgage rates, on the other hand, is per...Read More | ||
| Hedging, HMDA Dashboard, Verification Tools; Correspondent and Wholesale News: Battle of The Titans | ||
| 4/3/2025 10:43 AM | ||
| The Chinese curse, “May you live in interesting times” can easily be applied to the residential mortgage business in the last month or so. This week and yesterday was no exception, with some brokers benefitting from both Trump’s tariffs (fully expected to slow the economy, driving rates lower) and United Wholesale trying to keep its market share wh...Read More | ||
| Global Markets in Flight to Safety After Tariff News | ||
| 4/3/2025 10:19 AM | ||
| While plenty of uncertainty remains over the finer points of Wednesday afternoon"s tariff announcement, markets have heard enough to brace for impact on global trade. That "bracing" is being traded in the form of a flight to safety (sell stocks, buy bonds) that began yesterday and continued overnight. 10yr yields were already close to 4.0% before t...Read More | ||
| Late Day Volatility on Tariff Speech | ||
| 4/2/2025 4:44 PM | ||
| Late Day Volatility on Tariff Speech The long-awaited tariff speech took markets for a ride in both directions this afternoon. After the dust settled, the net effect was "buy bonds, sell stocks." Notably, that was a sharp departure from the initial net effect during the early part of Trump"s speech. The ult...Read More | ||