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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| Mortgage Rates Have Been Much Calmer, But They"re Still High | ||
| 11/20/2024 3:22 PM | ||
| Remember October and the first part of November--not because of the election, but rather because of the relentless rise in mortgage rates? Would you rather forget? You"re not alone. It was the fastest rate spike since 2022, and it was made all the more memorable because it put an end to the first real uptick in refinance activity ...Read More | ||
| Mortgage Applications Technically Improve | ||
| 11/20/2024 2:41 PM | ||
| First thing"s first, mortgage applications increased last week, both for purchases and refinances! It was the first improvement for refi demand since mid September, when rates were well into their lowest levels in more than 2 years. Top tier conventional 30yr fixed rates were being quoted at around 6% at the time, but moved rapidly up to 7%+ ...Read More | ||
| Customer Service, Cybersecurity, Repurchase, LLPA Protection Tools; Politicians vs Policy on Mortgage Rates | ||
| 11/20/2024 10:48 AM | ||
| “I thought swimming with dolphins was expensive until I went swimming with sharks. It cost me an arm and a leg.” Through the wonders of modern air travel, I find myself in St. Louis for the MBA of St. Louis event. Here in St. Louis, lending costs, rates, and regulations are on the minds of lenders, as well as where Freddie and Fannie are going and ...Read More | ||
| Geopolitical Headlines Behind Small But Noticeable Reactions | ||
| 11/20/2024 9:34 AM | ||
| There has been plenty of news over the past 48 hours regarding the U.S. greenlighting Ukraine to use long range missiles to attack Russia. Yesterday"s examples resulted in relatively modest overnight gains for the bond market. Today"s example is a developing story. It involves Ukraine firing multiple UK-supplied missiles into Russia. Headline...Read More | ||
| Bonds Give Back Most of The Overnight Gains | ||
| 11/19/2024 3:59 PM | ||
| Bonds Give Back Most of The Overnight Gains Stocks and bonds had a logical response to the threat of global nuclear war overnight, but even at the height of that trade, the gains weren"t too big for Treasuries/MBS. Starting at 9am ET, bonds began giving back the overnight gains and that process contin...Read More | ||
| Mortgage Rates Only Modestly Lower Despite Seemingly Big News | ||
| 11/19/2024 3:27 PM | ||
| Ask your favorite curmudgeonly old market watcher and they"ll be happy to explain what "always" happens in financial markets when there"s breaking news regarding large scale geopolitical risk. It would be a surprise if you didn"t hear a phrase like "flight to safety," the most common shorthand reference to selling stocks and buying bonds. Wh...Read More | ||
| Two Ways to Look at Residential Construction Slowdown | ||
| 11/19/2024 3:09 PM | ||
| The most common interval for scheduled economic data is "monthly." That means that things like inflation, sentiment, job counts, unemployment, retail sales, and many other economic metrics are updated and released every month, even when nothing very interesting is happening. On that note, there are several regularly scheduled housing related...Read More | ||
| Jumbo, Non-QM, Milestone, HMDA Review Tools; Disasters and GSE Loans; Interview with Cross Country"s Matt Weaver | ||
| 11/19/2024 10:13 AM | ||
| “What do giraffes and zoning regulations have in common? They both don"t exist in Texas.” I am not heading there for a while, but instead head to St. Louis this morning for the MBA of St. Louis event. I received this note from a veteran broker. “Someone please remind government officials, bank management, and industry leaders what happened when reg...Read More | ||
| Threat of Global Nuclear War Barely Worth a Bond Rally | ||
| 11/19/2024 9:31 AM | ||
| Tuesday brings a classic example of a seemingly significant geopolitical headline resulting in a completely underwhelming bond market reaction. When it comes to such matters, we must ask "who thought it seemed significant?" Quite a few people, most likely, but not as many bond traders. One big issue is that global nuclear post...Read More | ||
| Still Waiting For an End to Unfriendly Trend | ||
| 11/18/2024 3:33 PM | ||
| Still Waiting For an End to Unfriendly Trend It was an uneventful Monday for the bond market. Economic data was limited to the NAHB Housing Market Index (builder confidence)--a report that hasn"t been a market mover since the financial crisis. And none of the news headlines had an obvious impact...Read More | ||