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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| Mostly Holding Yesterday"s Big Gains | ||
| 6/25/2026 2:27 PM | ||
| Mostly Holding Yesterday"s Big Gains Bonds began the day in modestly weaker territory, but not weak enough to take 10yr yields above the 4.42% technical level. That was a notable development even before considering subsequent movement. The 8:30am PCE inflation data made room for a friendly reversal with mod...Read More | ||
| Lowest Mortgage Rates Since May 14th | ||
| 6/25/2026 12:45 PM | ||
| Mortgage rates had a great day yesterday, moving within 0.01% of the lowest levels in more than a month. They dropped just a bit more today and are now officially the lowest they"ve been since May 14th. Today"s improvement was more of an afterthought, but nonetheless helps legitimize yesterday"s heavy lifting as something other than a freak ...Read More | ||
| Borrower Retention, AI Governance, Jumbo Products; Borrower Recapture Trends; MLO Opportunity Thoughts | ||
| 6/25/2026 10:18 AM | ||
| Around the country, originators seem less focused on the housing bill signing ceremony postponement than on “opportunity.” There are opportunities, but not for every LO. There is the opportunity (and goal) of senior management to make their company immune from economic and world political turmoil. There is the opportunity to anchor the business to ...Read More | ||
| Decent Start After PCE Comes in On-Target | ||
| 6/25/2026 7:59 AM | ||
| The PCE price index may be a less timely report than CPI/PPI when it comes to measuring inflation in the U.S., but it"s more thorough and has stronger implications for Fed policy. Traders were apparently braced for today"s number to be a bit hotter. Bonds rallied moderately after core monthly PCE came in as-expected at 0.3%. Annual inflation is run...Read More | ||
| What"s Up With Today"s Big Rally? (Spoiler Alert: Quarter-End Rebalancing) | ||
| 6/24/2026 2:52 PM | ||
| What"s Up With Today"s Big Rally? (Spoiler Alert: Quarter-End Rebalancing) Stocks went on a tear in Q2 with the S&P up 20% as recently at June 16th. AI-adjacent stocks were up over 50%. Bonds lost ground over the same time. That means the 60/40 stock/bond portfolio targets were thrown way out of wh...Read More | ||
| Mortgage Rates Quickly Approaching 1-Month Lows | ||
| 6/24/2026 1:52 PM | ||
| Rate momentum shifted noticeably on Wednesday. The underlying bond market saw heavy buying in pre-market trading--likely a result of large-scale quarter-end rebalancing among the largest money managers (i.e. adjusting balance of stocks vs bonds in investment portfolios). Excess demand for bonds = lower rates, all else equal. It also hasn"t hurt th...Read More | ||
| Retention, Credit, CU Lending, Disaster Analysis Tools; Housing Act to the President; Webcasts | ||
| 6/24/2026 10:46 AM | ||
| “Why did the Dalai Lama go to Las Vegas? Because he loves Tibet.” It’s 107 F here in Las Vegas. Some would say, “It’s summer, what do you expect?” (No one expected 40 people to die in France trying to escape the heat.) Lenders and servicers are wondering, if push comes to shove about A/C in homes or supplying a local data center with electricity, w...Read More | ||
| Quick Rally Toward Key Resistance Just Before The Open | ||
| 6/24/2026 8:34 AM | ||
| Bonds spend most of the night trading sideways to slightly stronger. Oil prices fell sharply, making it tempting to conclude that"s the reason that 10yr yields were almost 7bps lower at 9am. But more than half of the oil rally was over before Treasuries began rallying. There was an obvious and uncommonly large volume spike in Treasuries around 7:50...Read More | ||
| Mostly Sideways and Lacking Inspiration | ||
| 6/23/2026 3:17 PM | ||
| Mostly Sideways and Lacking Inspiration Tuesday may as well have been a holiday. Volumes were among the lowest for any day in weeks and the lowest for a Tuesday in several months. The economic calendar was effectively empty and news/headlines had no discernible impact. There was token improvement in the AM ...Read More | ||
| Rates Hold Mostly Steady Despite Bond Market Improvement | ||
| 6/23/2026 2:31 PM | ||
| Mortgage rates may be based directly on the bond market, but the two don"t always move in perfect lock-step. Today was a good example of that. Bonds improved enough for rates to move modestly lower according to typical correlation. Instead, the average mortgage lender improved by the smallest possible amount that we register on our daily rate index...Read More | ||