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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| Why Were 10yr Yields Only a Few bps Lower Today? | ||
| 7/14/2026 3:42 PM | ||
| Why Were 10yr Yields Only a Few bps Lower Today? If you missed this morning"s commentary, the gist is that inflation for June (via the CPI report) came in much lower than forecast (biggest "miss" in over a year). Given the market"s preoccupation with inflation, this logically resulted in an immediate bond r...Read More | ||
| Mortgage Rates Stage Moderate Recovery From Long-Term Highs | ||
| 7/14/2026 2:17 PM | ||
| Our daily 30yr fixed rate index hit 6.75% yesterday. This matched the high from May 19th and is the highest level since late July 29, 2025. The key contributor to the recent spike has been the uptick in fuel prices in July combined with the fact that rates never made it any lower than 6.52% over the past 2 months. In other words, we were already in...Read More | ||
| CRA, Call Report, Non-QM U/W Tools; ROAD to Housing Bill Viewed; Immigration and Credit Reminder | ||
| 7/14/2026 10:22 AM | ||
| Ever heard someone say something that was blatantly misleading? On July 16, at 2PM ET, you can race to buy one of Olive Garden’s 10,000 “Never Ending Pasta Passes.” But it does end, after 13 weeks. Yup, for $100 you can economically gain a lot of weight, since it’s in our DNA to do so. Speaking of DNA, do you really think that it is in the DNA of r...Read More | ||
| Strong Start After Sharply Lower CPI | ||
| 7/14/2026 7:56 AM | ||
| The Consumer Price Index came in FAR below expectations with a core reading of 0.0 vs 0.2 forecasts. In unrounded terms, it was -0.17%. Headline CPI was more sharply negative than expected at -0.4 vs a -0.1 forecast. Supercore (which excludes housing) was down -0.2 which is the first negative reading in over a year. Core goods also remained in nega...Read More | ||
| Mortgage Rates Near 1-Year Highs | ||
| 7/13/2026 3:12 PM | ||
| Interest rates are based on bonds. Because the bonds underlying the average mortgage are fixed rate, inflation is the enemy. Imagine you"re an investor fronting the money for a fixed-rate mortgage. You know your schedule of payments from day one. Let"s say the payment is $5 or enough to buy a dozen eggs. Now let"s say inflation raises the pr...Read More | ||
| Fraud Report, AMC, Non-QM Products, eNote News; ROAD to Housing Thoughts; Oil and Rates | ||
| 7/13/2026 10:55 AM | ||
| Recently, MISMO released its new white paper, “From Paper to Performance: How eNotes and eClosing Streamline Liquidity,” providing guidance for originators, warehouse lenders, investors, and technology providers to implement digital mortgage solutions. Today at 10AM PT is Now Next Later, presented by Relcu, where Jeremy Potter and Eric Lapin are jo...Read More | ||
| Weekend Weakness And Another Showdown With a Technical Ceiling | ||
| 7/13/2026 8:21 AM | ||
| Bonds are weaker to start the new week and the catalyst is simple. The U.S. ramped up air strikes in Iran, both in terms of number and distance inland. Iran responded by hitting various allied targets. Perhaps more importantly for financial markets, shipping traffic has returned back to war-time lows after a noticeable surge in the 2nd half of June...Read More | ||
| Some Bond-Specific Weakness in The Afternoon | ||
| 7/10/2026 2:50 PM | ||
| Some Bond-Specific Weakness in The Afternoon Oil and Treasury yields were almost perfectly correlated for almost the entire week. Friday afternoon was an exception. Oil continued sideways to slightly lower while yields rose a bit. Overall damage was negligible, but it was interesting nonetheless. While ther...Read More | ||
| Mortgage Rates End Week Roughly Unchanged | ||
| 7/10/2026 1:39 PM | ||
| Rates are based on bonds and bonds have been taking cues from oil prices this week. Oil was flat overnight, bringing bonds along for the sideways ride. As such, the average mortgage lender began the day almost perfectly in line with yesterday"s latest levels. All that having been said, bonds experienced some of their own weakness in the afte...Read More | ||
| Existing-Home Sales Continue Sideways Trend in June | ||
| 7/10/2026 1:25 PM | ||
| Existing-home sales eased in June after reaching a six-month high in May, as modest changes in mortgage rates continued to influence buyer activity. According to the National Association of REALTORS®, sales fell 2.4% from May to a seasonally adjusted annual rate of 4.09 million , though they remained 2.8% above their level from a year earlier....Read More | ||