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 Recover Some of Thursday"s Weakness After Friday"s Economic Data | ||
4/26/2024 4:23 PM | ||
As 2024 has progressed, economic data--especially inflation data--have made it increasingly clear that rates will not be coming down nearly as soon as the Fed (and the market) expected. Rates are driven by multiple factors. At present, inflation is chief among those, followed by the economy. In general, higher inflation and e...Read More | ||
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Decent Recovery After Friday"s PCE Numbers Clarify Thursday"s PCE Numbers | ||
4/26/2024 4:21 PM | ||
Decent Recovery After Friday"s PCE Numbers Clarify Thursday"s PCE Numbers Thursday"s quarterly PCE numbers were much higher than expected. That meant an increased risk that Friday"s monthly numbers would follow suit. While today"s PCE was higher than expected in places, the important month-over...Read More | ||
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Deep Dive on Thursday and Friday"s PCE Discrepancy and Market Reaction | ||
4/26/2024 11:25 AM | ||
WARNING: once you get past the 1st paragraph here, things start to get a bit "mathy" and esoteric. The takeaway is that there"s an actual way to reconcile today"s 0.3 vs 0.3 monthly core PCE result against yesterday"s 3.7 vs 3.4 annual result. Yesterday"s GDP data included the Core PCE Price Index, which came in at 3.7% vs 3.4% foreca...Read More | ||
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Servicing, MISMO Consulting Products; STRATMOR and Decisioning; UWM and UMortgage; California on DU and LP | ||
4/26/2024 10:52 AM | ||
There seems to be a bit of a baby boom going on out there. Prospective home buyers who need a place for a growing family quickly find out that residential lending isn’t without its share of tears. Next time you’re dealing with an upset borrower or loan officer, here’s something you can try. “We are committed to solving the rental crisis in Australi...Read More | ||
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Bonds Rattled By Surprisingly Big Beat in Spending Data | ||
4/25/2024 3:01 PM | ||
Bonds Rattled By Surprisingly Big Beat in Spending Data Today"s big surprise was the PCE price index component of Q1 GDP. GDP itself was weaker than expected, but even that was explained away by components not related to private domestic consumption. Focusing on the latter makes Q1 look just as ...Read More | ||
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Mortgage Rates Jump Up And Over 7.5% After Inflation Surprise | ||
4/25/2024 2:50 PM | ||
Interest rates care about quite a few different things, but inflation and Fed policy are two of the biggest considerations. One of the Fed"s favorite ways to track progress on inflation is the PCE price index which comes out every month, but also every quarter. Oddly enough, the quarterly comes out a day before the monthly data on the 4 days...Read More | ||
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Electronic Bidding, MORA, Processing, Marketing Tools; CFPB and Servicing Fees, Mortgage Fraud Case | ||
4/25/2024 10:40 AM | ||
I travel a little bit, so it was with great interest that I read, “The Department of Transportation… will soon require airlines to quickly refund passengers if they cancel, delay, or make significant changes to flights.” “A book hit my head, and I have only my shelf to blame.” Odd things happen all the time. Someone puts their cup on the ground, le...Read More | ||
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Quarterly PCE Data Causing Concern Over Tomorrow"s Monthly Numbers | ||
4/25/2024 10:37 AM | ||
It"s a bit of a tricky morning in the bond market when it comes to reconciling the data with the market movement. At face value the headlines make a better case for lower rates with GDP at 1.6 vs 2.5, wholesale inventories missing big and Jobless Claims not too far from forecast. But the devil is in the details--specifically, the detail...Read More | ||
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Uneventfully Weaker Regardless of Durable Goods Data | ||
4/24/2024 3:43 PM | ||
Uneventfully Weaker Regardless of Durable Goods Data Bonds were weaker in the overnight session on a combination of anxiety over potential sales of US Treasuries in Japan and European economic data. The domestic session brought actual selling of US Treasuries in the form of the 5yr Treasury auction, b...Read More | ||
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Mortgage Rates Pleasantly Stable Despite Some Bond Market Weakness | ||
4/24/2024 3:10 PM | ||
The average mortgage lender was able to offer conventional 30yr fixed rates that were very close to yesterday"s levels despite bond market movement that suggested a bigger spike. In a vast majority of cases, if the bond market is in weaker territory compared to the previous day, rates will be higher in proportion to that weakness. In today"s...Read More | ||