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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| Bonds Bracing For CPI Impact | ||
| 7/11/2025 4:09 PM | ||
| Bonds Bracing For CPI Impact Stocks sold off quickly in the overnight session in response to the announcement of 35% tariffs on Canada. Bonds view such news as a double edged sword, but also drifted into weaker and weaker territory as the day progressed. Given that yields remained inside the week"s ra...Read More | ||
| Highest Mortgage Rates of The Week, Just Barely | ||
| 7/11/2025 12:45 PM | ||
| Yesterday, we characterized the prevailing mortgage rate momentum as "broadly sideways," and while that"s still very true in the bigger picture, words like "up" and "higher" might need to be sprinkled in this week. For those with a glass-half-empty approach, today"s rates are the highest of the week and the highest since June 24th. For the o...Read More | ||
| AI Retention, Jumbo AUS, Bridge, HELOC Products; Wholesale and Investor News | ||
| 7/11/2025 10:40 AM | ||
| Don’t forget to snag your free Slurpee today at participating 7-Elevens! Speaking of edible things, I like my Frosted Flakes, Froot Loops, and Raisin Bran. M&A is not confined to lenders: Imagine my surprise when I learned that Michigan"s WK Kellogg Co. is set to be acquired by the Italian candymaker behind Ferrero Rocher in a nearly $3 billion...Read More | ||
| Overnight Selling But Still in The Range | ||
| 7/11/2025 9:31 AM | ||
| In terms of news that seems like it should be important, the biggest overnight development was the announcement of a 35% tariff on Canadian imports starting August 1st (up from the previously-slated 25%). Exemptions for USMCA goods and energy/fertilizer are probable, but TBD. And of course, it"s also possible the deal will change again before Augus...Read More | ||
| Fed Speakers and Auction Help Bonds Hold Steady | ||
| 7/10/2025 4:07 PM | ||
| Fed Speakers and Auction Help Bonds Hold Steady Bonds technically lost a small amount of ground today, but it"s just as fair to say that they"re holding steady on the week. In fact, closing yields today were right in line with last Thursday"s closing levels. This might not have been the case if ...Read More | ||
| Mortgage Rates Broadly Sideways | ||
| 7/10/2025 3:49 PM | ||
| Most of this week"s mortgage rate movement has been an aftershock following last week"s jobs report. That data sent rates quickly higher and that momentum has gradually faded over the past few days. In fact, yesterday finally saw an improvement. Now today, things are minimally changed, depending on the lender. Most lenders issued at least on...Read More | ||
| Hedging, Fraud Protection, QC Products; FHA, USDA Program Changes; Interview With Pennymac"s Kim Nichols | ||
| 7/10/2025 10:46 AM | ||
| Lenders and servicers have entire sets of policies and procedures based on the Federal Emergency Management Agency (FEMA) declaring an emergency in a given area. President Trump says FEMA should be eliminated, which would definitely impact this process. Texas officials weren’t fans of FEMA until they needed it. Unfortunately, FEMA has become politi...Read More | ||
| Week"s Only Relevant Data is Not Bond-Friendly | ||
| 7/10/2025 10:33 AM | ||
| You would be hard pressed to find a week with less to offer in terms of scheduled economic data. In fact, it"s not an overstatement to say that regular old weekly jobless claims data was the only relevant report of the week. Unfortunately for fans of low rates, it"s not showing any signs of cracks in the labor market (227k vs 235k f"cast). Co...Read More | ||
| Correction to the Correction. Will it Last? | ||
| 7/9/2025 3:30 PM | ||
| Correction to the Correction. Will it Last? Hindsight is 20/20 and foresight may have been close enough this week given the classic correction to June"s rally giving way to a classic correction of that correction as early as Tuesday afternoon. It wasn"t really until Wednesday that bond traders really ...Read More | ||
| Mortgage Rate Losing Streak Ends With Moderate Victory | ||
| 7/9/2025 2:35 PM | ||
| It"s a bit of a stretch to refer to the past week as a "losing streak" for mortgage rates. The worst part about it was the consistency of upward movement starting last Wednesday. In terms of the size of that movement, things have been less traumatic considering the average lender was still at the lowest levels since early April with the exce...Read More | ||