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.
|
|||||||||||||||||
|
||
| Bonds Calmly Hold Overnight Gains | ||
| 1/21/2025 3:54 PM | ||
| Bonds Calmly Hold Overnight Gains This morning"s commentary focused on a bond rally in response to an absence of heavy-handed specificity in Trump"s initial salvo of executive orders--specifically with respect to trade policy. In not so many words, massive, immediate tariffs have been referred to agencies f...Read More | ||
| Mortgage Rates Unimpacted by New Executive Orders | ||
| 1/21/2025 3:36 PM | ||
| Mortgage rates are driven predominantly by the bond market and bonds were able to clear up a few curiosities on inauguration day. Specifically, traders expected multiple executive orders with several focusing on proposed tariffs. While history suggests the conventional wisdom may be faulty, the general belief is that tariffs increase i...Read More | ||
| Non-QM, DPA, HELOC, Borrower Servicing Products; FTC and Leads; Freddie,Fannie, and FHFA News | ||
| 1/21/2025 10:40 AM | ||
| Please don’t touch my pizza! In a decision that has left countless fans disappointed,, including many in the mortgage ranks, Costco has decided to remove the $1.25 fries option from the food court menu entirely. The decision comes at a time when the retailer identified certain items as being “loss leaders,” which include the $5 rotisserie chicken, ...Read More | ||
| Bonds Open Stronger Thanks to Tariff Uncertainty | ||
| 1/21/2025 9:57 AM | ||
| Trump issued numerous executive orders on Monday, but conspicuously absent was any specific directive regarding tariffs. This was one of the key areas of focus for financial markets. While there are few different ways it could be traded, one of the simplest was from an inflation standpoint. With specifics TBD, bonds breathed a modest si...Read More | ||
| Slightly Weaker Drift, But Broadly Uneventful | ||
| 1/17/2025 3:56 PM | ||
| Slightly Weaker Drift, But Broadly Uneventful Friday may as well have been a 4th weekend day for the bond market. Volume and liquidity were obviously in holiday mode. Trading levels were basically flat, although it might not feel that way if you"re seeing MBS prices end the day down more than an...Read More | ||
| Uneventful Day For Mortgage Rates | ||
| 1/17/2025 3:19 PM | ||
| Mortgage rates are driven by the bond market and Friday was the least active day of the week for bonds. There were no major economic reports to cause rapid changes in trading levels. As such, mortgage rates started out very close to the levels seen yesterday and most lenders didn"t make any mid-day changes. The absence of any significant mov...Read More | ||
| Homebuilder Confidence Consolidation Continues | ||
| 1/17/2025 2:40 PM | ||
| While it would be technically accurate to point out a slight increase in January"s homebuilder confidence (officially the National Association of Homebuilders Housing Market Index or HMI ), the type of movement we"ve seen in the past 2 years is better characterized as "incidental" in the bigger picture. As with most housing-related metrics, HMI p...Read More | ||
| Housing Construction Bounced Back in December Thanks to Multifamily Sector | ||
| 1/17/2025 2:16 PM | ||
| The US Census Bureau released its New Residential Construction report for December today. The report measures building permits, the start of the construction process (housing starts), and housing completions. While construction has definitely been running well below the highs seen 3 years ago, it continues to operate just above pre-pandemic ...Read More | ||
| AMC Alternative, Verification, Realtor Fee Financing Tools; Letter to FHFA Director | ||
| 1/17/2025 10:47 AM | ||
| We’re more than halfway through January already, the MBA has lowered its 2025 projection to $2.1 trillion, and there is a sense of “wait and see” out there among lenders and vendors regarding rates, products, regulations… Maybe you should do something besides just making a few extra calls. STRATMOR’s current blog is “Leaders Don’t Wait for Markets”...Read More | ||
| Pre-3 Day Weekend Volatility is a Thing | ||
| 1/17/2025 9:38 AM | ||
| It always bears repeating that "predictions are for suckers" and if there were a hard and fast rule about what markets do in certain scenarios, traders could take advantage of those probabilities, thus restoring the odds to a more neutral level. With that disclaimer aside, in scenarios where rates rally fairly sharply on Wed/Thu with motivation fro...Read More | ||