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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| 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 | ||
| Mortgage Rates Edge Slightly Higher, But Tomorrow is Anyone"s Guess | ||
| 4/2/2025 4:08 PM | ||
| Mortgage rates didn"t move much today, which is pretty crazy considering the volatility present in financial markets in the afternoon. That"s when the long awaited tariff announcement speech took place. There was always a decent chance of a whipsaw in response and a whipsaw is what we got. Fortunately, the net effect for the bond marke...Read More | ||
| Choppy, But Sideways Morning Leaves Focus on Afternoon Headlines | ||
| 4/2/2025 11:06 AM | ||
| This morning"s ADP Employment data was the only potential market mover for bonds, at least as far as scheduled data is concerned. Despite coming out a bit higher than expected, bonds opted to maintain the rally trend that had been intact since the start of European trading overnight. That resulted in moderate gains at the start of the 9:30am ...Read More | ||
| HELOC, Credit Union, Non-QM Products; Wholesale, Reverse, Vendor Partnership News | ||
| 4/2/2025 10:44 AM | ||
| Does anyone use the term “elderly” anymore? Websters defines elderly as “anyone past middle age,” “middle age” being 45-64. Prepare for a fight if you call anyone 65 “elderly” especially when places like The Villages exist. That aside, want to help your older clients? Pass along this list of discounts, for various ages, on items like airline ticket...Read More | ||
| Data Helped, But Wild Cards Remain on Deck | ||
| 4/1/2025 3:19 PM | ||
| Data Helped, But Wild Cards Remain on Deck This morning"s economic data wasn"t immediately and obviously worthy of credit for the bond rally that followed, largely because the bond rally that followed was fairly small. Most of the day"s gains were in place beforehand. The data (lower ISM/employment, j...Read More | ||
| Lowest Mortgage Rates in Nearly a Month | ||
| 4/1/2025 2:29 PM | ||
| While interest rates continue operating in a range that is generally flat and narrow over the past 5 weeks, it"s also true that today"s rates are on the lower edge of that range. Because there"s not much of a gap between the highs and the lows, it didn"t take a major move to facilitate today"s little victory, but it is notable that we"ve seen 3 vic...Read More | ||