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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| Markets Rocked by New Tariff Drama | ||
| 10/10/2025 4:43 PM | ||
| Markets Rocked by New Tariff Drama Bonds were already having a decent day this morning with overnight market movers bringing yields in line with the lower end of the recent range. Mid-day drama caused massive selling in stocks which spilled over and made for an extension of the already-decent bond rally. Th...Read More | ||
| Mortgage Rates Lowest Since Fed Day | ||
| 10/10/2025 2:16 PM | ||
| Mortgage rates saw their biggest day-over-day decline of the past several weeks today in response to unexpected news regarding additional tariffs on China. Trump had previously been scheduled to meet with China"s President Xi in 2 weeks, but today said there was no reason to do so and that the administration is currently calculating a massive...Read More | ||
| Refi Demand Ebbs Gradually As Rates Remain Rangebound | ||
| 10/10/2025 1:22 PM | ||
| Mortgage application activity declined again last week as refi demand continues pulling back after the surge in mid September. According to MBA’s Weekly Applications Survey for the week ending October 3, total volume fell 4.7% on a seasonally adjusted basis and 5% unadjusted. The Refinance Index decreased 8% from the previous week but remains 18% ...Read More | ||
| Audit, Interest Rate Risk Products; Gov"t Program News; Home Builder Interview; Shutdown and Data Releases | ||
| 10/10/2025 10:49 AM | ||
| The stalemate & shutdown continue, all but eliminating the government release of economic news. Recall that the U.S. Treasury posted a $345 billion budget deficit in August, the largest monthly deficit of 2025 and the 2nd-worst August on record but helped by tariff revenue. This is up from July’s $291 billion deficit and has only been surpassed...Read More | ||
| Overnight Gains on Fed Comments And Japanese Politics (Really) | ||
| 10/10/2025 8:44 AM | ||
| At the start of the week, we noted Japanese political developments as a key reason for overnight losses on Monday morning. This had to do with Takaichi winning control of Japan"s LDP party, thus making her the front runner to become the Prime Minister. Her economic views fueled fears that Japan"s central bank would ultimately need to sell Trea...Read More | ||
| Uneventful Day; MBS Underperform | ||
| 10/9/2025 3:05 PM | ||
| Uneventful Day; MBS Underperform It"s not uncommon to see MBS outperform their Treasury benchmarks in the run up to a round of weekly Treasury auctions only to underperform when the auction cycle wraps up. That underperformance (or rather, Treasury outperformance) was on full display today with MBS losing a...Read More | ||
| Mortgage Rates Move Slightly Higher | ||
| 10/9/2025 2:33 PM | ||
| It"s getting pretty tough to weave an interesting narrative on mortgage rates over the past 3 weeks. During that time, they just haven"t changed that much for the average lender. Today was just another day in that regard. Bonds (which dictate day to day movement in rates) were slightly weaker than yesterday. This implies slightly higher mortgage r...Read More | ||
| DPA, eNote, Credit Tools; Fannie and Freddie Open for Business; Conv. Conforming Changes | ||
| 10/9/2025 10:46 AM | ||
| “Two lawyers walk into a pub. They order a couple of drinks and take subs out of their brief cases. They begin to eat. Seeing this, the angry pub owner exclaims, ‘Excuse me but you cannot eat your own sandwiches in here!’ The two look at each other, shrug, then exchange sandwiches.” Legal news leads off the Commentary today as Optimal Blue and near...Read More | ||
| In-Range Weakness For No Particular Reason | ||
| 10/9/2025 8:17 AM | ||
| With Jobless Claims on hold due to the shutdown, bonds are forced to endure another data-free morning. The calendar offered a glimmer of hope with a Powell speech, but it was pre-recorded and did not address monetary policy. With that, bonds wait for the day"s only real potentially significant event: the 1pm 30yr bond auction. We"re seeing a bit of...Read More | ||
| Some Selling Pressure After Auction and Fed Minutes | ||
| 10/8/2025 2:21 PM | ||
| Some Selling Pressure After Auction and Fed Minutes There were no market-moving economic reports scheduled for today regardless of the government shutdown. That left the focus entirely on the afternoon events: the 1pm 10yr Treasury auction and the 2pm release of the Fed Minutes (a more detailed account of t...Read More | ||