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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| Could Have Been Better. Could Have Been Worse | ||
| 10/16/2026 2:46 PM | ||
| Could Have Been Better. Could Have Been Worse If the bond market was a Mario Bro, it found a gold star at some point on Wednesday. As Thursday afternoon, the gold star ran out of juice and we"re back to regular old Mario. In other words, astonishing resilience/bullishness has been replaced by a sideways-to-...Read More | ||
| Existing Home Sales Treading Same Old Water | ||
| 10/16/2026 1:52 PM | ||
| If you"re busy, we can make this quick. Existing home sales dropped sharply from over 6m units per year starting in 2022 and had bottomed out around 4m units per year by the end of 2023. They"ve done essentially nothing exciting since then and the latest update is no exception. The end. If you prefer to read an article-sized article, here ...Read More | ||
| Only a Modest Decline For Mortgage Apps. Next Week Should Improve | ||
| 10/16/2026 1:45 PM | ||
| Mortgage applications continued to lose ground as mortgage rates held near their highest levels in nearly three years. The Mortgage Bankers Association (MBA) reported a 2.7% decline in total mortgage application volume for the week ending October 9. That"s an important date, because a substantial majority of a fairly sharp decline in interest ra...Read More | ||
| Mortgage Rates Slightly Higher Today, But Sharply Lower This Week | ||
| 10/16/2026 1:18 PM | ||
| After dropping sharply over the past 5 days, mortgage rates finally reminded us that they"re still capable of moving higher. Thankfully, today"s bump was modest in the recent context, only adding 0.04% to a 30yr fixed that had fallen 0.27% since October 7th. Even though today"s losses were minimal, they"re potentially informative. Much of th...Read More | ||
| AI Document, Broker, U/W, QC Tools; Lender/Investor Earnings; Credit News; LO Retention Examined | ||
| 10/16/2026 10:28 AM | ||
| The MBA believes that 2027’s production will be 5 percent less than 2026’s and be below $2 trillion. “Rob, are you hearing that, with volumes down (units and volume), lenders are once again examining keeping entire loan originator workforces?” Indeed I am. At the most basic level, as we move through autumn and into winter with no sign of greatly im...Read More | ||
| Bonds Still Capable of Selling | ||
| 10/16/2026 9:06 AM | ||
| The past two days saw a unique confluence of factors that led to a precipitous, unexpected, and fairly large rally in the bond market. The easiest scapegoat is the general notion of fear surrounding AI/tech share prices and debt contagion. One simple effect was investors reallocating out of stocks and into bonds. Another effect could be investors s...Read More | ||
| Another Big Improvement to Another 3 Week Low | ||
| 10/15/2026 3:09 PM | ||
| Mortgage rates dropped again today, and at a much faster pace than yesterday"s decline. Top tier 30yr fixed rates are now down to 7.33% for the average lender, a drop of more than 0.25% from the long-term highs seen just last week. There are a lot of moving parts behind the scenes so let"s focus on what we can know or at least reasonably conclude. ...Read More | ||
| Exciting Times, But Don"t Get Too Excited | ||
| 10/15/2026 3:07 PM | ||
| Exciting Times, But Don"t Get Too Excited There"s no question that the past 5 days have been the best 5 days that we"ve seen in a long time in terms of direction movement in rates. They"re made all the more miraculous because the past 2 days included much higher inflation readings. In a vacuum, inflation da...Read More | ||
| Borrower Intelligence, Margin Mgt Tools; MBA and Affordability; FASB Servicing Proposal; DSCR Interview | ||
| 10/15/2026 10:50 AM | ||
| “My coworker asked me how I’m doing this morning. Yet another third party trying to steal my data!” Data travels at the speed of light. Mickey D’s is reportedly using artificial intelligence to “dynamically” price its burgers. Imagine a lender trying that! AI filled the exhibition hall at the MBA’s conference this week. I don’t use AI to write this...Read More | ||
| What"s Up With The Huge Paradoxical Rally?! | ||
| 10/15/2026 8:42 AM | ||
| Core PPI was up 0.7 vs 0.3 forecast this morning. That"s something that would normally send yields much higher. But everything is different this morning. Bonds rallied sharply in the overnight session and added a bit more to the gains after the 8:30am data. This is on top of yesterday"s stunning comeback after getting rocked by higher CPI. To ...Read More | ||