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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| Too Soon to Say Higher Yields Are Bringing Buyers? | ||
| 4/17/2024 3:32 PM | ||
| Too Soon to Say Higher Yields Are Bringing Buyers? Bonds enjoyed their best day in more than a month and a half on Wednesday, which can"t help but beg the question: why? Days like today require a process of elimination and some guesswork. We don"t have a big, obvious market mover in play in term...Read More | ||
| Mortgage Rates Finally Win One | ||
| 4/17/2024 3:14 PM | ||
| Mortgage rates moved lower today after hitting the highest levels since mid November yesterday. Some lenders were down as much as an eighth of a percent, which is on the bigger side for a day-over-day change for conventional 30yr fixed rates. As nice as it is to see a big improvement, it"s important to understand the nature of the move...Read More | ||
| Non-QM, Verification, Fraud Prevention, Buy Before You Sell Products; STRATMOR on Borrower Satisfaction | ||
| 4/17/2024 10:37 AM | ||
| “We base our business model on lots of things, but not on our ability to predict rates.” Remember when there used to be “a flight to quality” when there was world unrest, and investors put their money into dollar-denominated assets? Long gone. Even if one knew exactly what was going to happen in the United States, how can anyone, including the Fede...Read More | ||
| Token Bounce | ||
| 4/17/2024 10:16 AM | ||
| The bond market is getting off to a stronger start today despite an absence of any new motivations in the news or economic calendar. In fact, the calendar is essentially empty when it comes to market movers. While we could make a case for some friendly spillover from European bonds, and while the timing and correlation line up fairly we...Read More | ||
| Mortgage App Volume Ticks Higher Despite Higher Rates | ||
| 4/17/2024 7:35 AM | ||
| Mortgage interest rates rose for the second straight week, and so did the volume of mortgage applications. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 3.3 percent on an adjusted basis from one week earlier and 4.0 percent before adjustment. The Refinance Index increased 0.5 pe...Read More | ||
| Mortgage Rates Back to 7.5% | ||
| 4/16/2024 3:56 PM | ||
| The bad times keep rolling for mortgage rates with the average conventional 30yr fixed rate back up to 7.5% according to our daily index. This is quite a bit higher than the major weekly indices for a few reasons. First, the weekly indices haven"t been updated for the current week yet. When that changes, because they are averages,...Read More | ||
| Powell Confirms What The Bond Market Already Knew | ||
| 4/16/2024 3:54 PM | ||
| Powell Confirms What The Bond Market Already Knew Morning hours were frustrating for the bond market as we watched yields move to new multi-month highs for no obvious reason. That said, the notion of a "re-pricing" sell-off doesn"t really require new obvious reasons (because the obvious reasons from t...Read More | ||
| Residential Construction Fall and Builder Confidence Flattens in Uncertain Rate Environment | ||
| 4/16/2024 10:41 AM | ||
| While builder confidence in the market for new residential construction improved in March, it remained flat in April and residential construction numbers showed a decline in momentum as well. Residential construction starts, which had surged in February, gave back all of those gains in March. The U.S. Census Bureau and the Department of Housing an...Read More | ||
| Networking, Pricing Engine, VOE Products; Agencies Address Foreclosures and Potential NAR Settlement | ||
| 4/16/2024 10:30 AM | ||
| “Congratulations to the Kardashians on their 20th season. And to me for never having watched a single minute of a single episode.” There are certainly more important things in life, like the rising cost of homeowner’s insurance, and the changing climate. Manmade or natural, it doesn’t matter: If an insurance company won’t insure the area, if an inv...Read More | ||
| More Losses. When Will Buyers Be Enticed? | ||
| 4/16/2024 10:25 AM | ||
| Yesterday"s commentary pulled an occasionally used phrase off the shelf by referring to recent weakness as a "repricing" in the broader bond market. This is an intentional migration from one rate reality to another. These episodes happen from time to time and are usually driven by data or a major change in policy. The most importa...Read More | ||
* MOL = More or Less