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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| Reasonably Reserved Reaction to Tariff Headlines | ||
| 1/31/2025 4:01 PM | ||
| Reasonably Reserved Reaction to Tariff Headlines If you were just watching headlines and making note of MBS Live alerts, it may have seemed like today"s tariff news was a big deal for rates. And while tariffs definitely hit harder than this morning"s PCE data, bonds are nonetheless heading out the door...Read More | ||
| Mortgage Rates Round Out Eerily Calm Week | ||
| 1/31/2025 3:33 PM | ||
| For all of the news that seems to be highly likely to cause volatility for rates, the market reaction ended up playing out on a very small scale. The biggest day of movement was Monday, with rates opening moderately lower versus the previous week after the big AI-driven stock sell-off pushed some investors into the bond market (when traders buy mor...Read More | ||
| Temporary Volatility After As-Expected PCE Data | ||
| 1/31/2025 11:16 AM | ||
| This morning"s PCE inflation data was in line with expectations with the annual core PCE price index coming in at 2.8% and the monthly core coming in at 0.2%. The initial reaction was weaker, possibly because the 0.2% monthly number is not low enough to suggest a quick return to the 2.0% annual target. As traders digested the data, the unroun...Read More | ||
| FHA Underwriting, POS, Community Lending Products; Maryland"s Lending Quagmire | ||
| 1/31/2025 11:02 AM | ||
| Here in Las Vegas, I asked a German girl if Germans are afraid of numbers. She said 9. Numbers are interesting, as we will find out with the declared Trump tariffs on Canada and Mexico. Do you know the difference between an American roulette wheel and a European wheel? The American version has “00.” Fans of Lucifer and numerology know that, for bot...Read More | ||
| Solid Showing In Spite of Data and Uncertainty | ||
| 1/30/2025 3:41 PM | ||
| Solid Showing In Spite of Data and Uncertainty The relevance of economic data increased this morning with the release of Q4 GDP and Jobless Claims. Neither were good for rates although neither were especially bad. Right after the data, the overnight rally gave way to moderate selling pressure and, ult...Read More | ||
| Lowest Rates in Over a Month, But There"s a Catch | ||
| 1/30/2025 3:08 PM | ||
| Interest rates are driven by the bond market and bonds are at their best levels in over a month. As such, it"s no surprise that mortgage rates are able to make a similar claim. In fact, we"d need to go back to December 20th to see a lower average rate for top tier 30yr fixed mortgages. The catch is that today"s rate is so close to yesterday"...Read More | ||
| Pending Home Sales Pull Back From Best Levels Since April 2023 | ||
| 1/30/2025 2:24 PM | ||
| The National Association of Realtors (NAR) released its Pending Home Sales Index (PHSI) for December this morning. Pending sales measures the number signed purchase contracts for existing homes. As such, the index is a good early indicator for Existing Home Sales in the coming month. Pending sales dropped 5.5% from last month, which was the ...Read More | ||
| Stronger Start + Early Weakness | ||
| 1/30/2025 11:09 AM | ||
| Bonds rallied in overnight trading. The move was exceptionally linear, without any obvious regard for movement in equities or European bonds. Yields were at session lows ahead of the 8:30am data, but have moved steadily higher afterword. The early weakness almost perfectly offsets the overnight gains, leaving bonds close to unchanged heading ...Read More | ||
| POS, Servicing Tools; Fraud, Home Equity, IMB Studies; New Companies Doing New Things | ||
| 1/30/2025 10:54 AM | ||
| Any capital markets person will tell you, “What’s a surefire way to double your money in a casino? Fold it in half and put it back in your pocket.” I am in Las Vegas for First Colony’s Loan Officer Retreat, watching the tragic air news from Washington, and the MBA’s IMB in Austin has come to a successful conclusion. Yesterday the talk in the hallwa...Read More | ||
| Uneventful Fed Day, Bonds Eventually Agree | ||
| 1/29/2025 3:26 PM | ||
| Uneventful Fed Day, Bonds Eventually Agree There"s never a way to know with certainty that a Fed announcement will be uneventful, but if we had to assign relative probabilities, today"s looked much more likely than normal to pass without a trace. In the immediate wake of the announcement, that didn"t look l...Read More | ||