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.
|
|||||||||||||||||
|
||
| Big Market Reaction but Mortgages Outperform | ||
| 7/3/2025 2:25 PM | ||
| Big Market Reaction but Mortgages Outperform Today"s jobs report would have been bad for rates if it was even in line with expectations. After it came out stronger than expected (especially in terms of the unemployment rate at 4.1 vs 4.3 f"cast), it was off to the races for bond sellers. The sho...Read More | ||
| Mortgage Rates Rose Less Than Expected After Employment Data | ||
| 7/3/2025 1:56 PM | ||
| Today brought the hotly anticipated jobs report. This is the "official" job count and unemployment rate data for the U.S. and no other report has as much consistent power to cause volatility in the rate market. Today"s was particularly important because a perpetually decent labor market is the main justification for the Fed to wait and ...Read More | ||
| HELOC Products; Bank Builder JV; Customer Service and Compliance; Employment Data | ||
| 7/3/2025 10:48 AM | ||
| Tomorrow is the 4th of July, the only time of the year Americans say the day and month in the correct order. We find ourselves in the traditional “dog days of summer” which refer to the hottest and most uncomfortable days typically occurring from July 3 to August 11 in the Northern Hemisphere. Did someone say “dog”? Thank you to David I. who sent a...Read More | ||
| Refis Pick Up Steam as Rate Relief Returns | ||
| 7/3/2025 9:41 AM | ||
| Mortgage application activity moved higher last week as rates declined to the lowest levels since April, according to the Mortgage Bankers Association’s (MBA) latest survey. The Composite Index rose 2.7% on a seasonally adjusted basis for the week ending June 27. Results were not adjusted for holidays this time around, but the previous week had inc...Read More | ||
| Jobs Report Comes in Stronger. Bonds React Logically | ||
| 7/3/2025 9:23 AM | ||
| Apart from the fact that this morning"s jobs report contrasted starkly from the slew of anecdotal evidence suggesting a weaker labor market in June, the morning has proceeded almost exactly as expected. We assumed that even an on-target result was worth a bit of bond market weakness given the apparent "lead-off" induced by preceding data. The moder...Read More | ||
| Bonds Circle The Wagons Ahead of High Risk NFP | ||
| 7/2/2025 2:43 PM | ||
| Bonds Circle The Wagons Ahead of High Risk NFP The consensus for tomorrow"s NFP (nonfarm payrolls, the principal component of the big jobs report) is 110k--not much of a downgrade from last month"s 139k. The bond market has recently been trading as if it expects to see an even lower number--a fact tha...Read More | ||
| Rates Finally Rise Ahead of Jobs Report | ||
| 7/2/2025 1:53 PM | ||
| Mortgage rates have generally been falling since May 21st and have done nothing but move lower for more than 2 weeks. That winning streak finally came to an end today with the average lender moving up 0.06% for a top tier 30yr fixed quote. While that"s a moderately big jump for a single day, if we remove the past 4 days from the equation, to...Read More | ||
| Processing, Lead-Gen Tools; HELOCs, 2nds, Non-Agency Products; Maryland"s DSCR Controversy | ||
| 7/2/2025 10:51 AM | ||
| “Pro Tip: Here’s a friendly 4th of July reminder that absolutely no one is going to watch the videos of the fireworks you record on your phone.” You can bet anyone flying some place is watching the flight delays due to staffing and weather. You can bet that people are watching home price appreciation, especially in terms of home equity, HELOCs, and...Read More | ||
| Bonds Think About Rallying on ADP Data, But Already Getting Cold Feet | ||
| 7/2/2025 8:54 AM | ||
| ADP employment was this morning"s key economic report and it came out sharply weaker than expected (-33k vs 95k f"cast). There are many past examples of a "miss" of this size prompting a swift rally on the bond market. Although that looked like it could have been in the works in the first few minutes, bonds have since reversed course and move...Read More | ||
| Traders Buy The Dip After AM Data | ||
| 7/1/2025 3:06 PM | ||
| Traders Buy The Dip After AM Data After a bit of overnight strength and an early morning pull-back, bonds were right in line with yesterday afternoon"s levels ahead of the 10am data. JOLTS (job openings) pushed yields back to yesterday"s highs--perhaps with some help from the Senate"s passage of the s...Read More | ||