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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| 2nd Lien Reverse, Conversion, Settlement Tools; Bill Cosgrove on Consolidation; Agency News | ||
| 9/1/2026 10:50 AM | ||
| I don’t know where August went, but it went somewhere. We’re now two thirds of the way through the 3rd quarter of 2026. Lenders and vendors are adapting to a lackluster homebuying “season,” stubborn rates, and origination costs around $11k per loan. Lenders are trying to drive that cost down through higher pull through. Labor Day is next Monday, an...Read More | ||
| Selling Continues And It"s Not Just Oil | ||
| 9/1/2026 8:45 AM | ||
| Bond yields broke long term highs yesterday and are moving slightly higher again today. In both cases, we"re NOT seeing the same level of intraday correlation with oil prices that we"ve almost always seen on days without another compelling motivation for bonds. That said, oil prices still moved higher, so we can"t discount its impact. If we zo...Read More | ||
| Technically a Breakout, But It Could Have Been Worse | ||
| 8/31/2026 4:00 PM | ||
| Technically a Breakout, But It Could Have Been Worse 10yr yields closed just under 4.74 at the end of July and just over 4.75% today. That"s the highest close since January 2025 which, at first glance, sounds pretty gloomy. But it"s worth noting that several days have ended just a bp or two below today"s le...Read More | ||
| Highest Mortgage Rates in Over a Year, But Just Barely | ||
| 8/31/2026 3:02 PM | ||
| Bonds lost ground today, largely due to mechanical, month-end trading (i.e. not due to economic data, inflation, or news headlines). When bonds lose ground, rates rise, all else equal. Mortgage rates were already fairly close to longer-term highs last week. Today"s increase was just enough to nudge the average top-tier 30yr fixed rate to 6.87%--th...Read More | ||
| MERS, Reno, Processing Tools; STRATMOR on Borrower Behavior; Housing Supply, Capital Markets | ||
| 8/31/2026 9:34 AM | ||
| Grammar is important. Let’s not forget the comma… the difference between “I want you to eat, my friend” and “I want you to eat my friend.” Let’s not forget training, and I received this note. “Rob, plenty of conferences offer continuing education. Do any organizations offer CE?” Yup. Lenders One members receive it as a free benefit for all their LO...Read More | ||
| Month-End Trading Taking a Toll | ||
| 8/31/2026 9:13 AM | ||
| Bonds were actually a hair stronger at the open, but quickly tanked just after 8am. The nature of said tankage is strongly suggestive of month-end positioning. While it"s true oil prices are higher than Friday, the spike in bond yields didn"t correlate in a manner typically consistent with oil being the driver. Also, there is a relatively sharp mov...Read More | ||
| Warsh Speech at Jackson Hole Prompts Heavy Selling | ||
| 8/28/2026 4:22 PM | ||
| Hawkish Read on Warsh Prompts Heavy Selling Jackson Hole speeches are hit and miss when it comes to bond market volatility. Today"s Warsh speech was something of a direct hit--more than enough to sink the battleship of anyone hoping for lower rates to end the week. Warsh"s hawkishness was limited to tough t...Read More | ||
| Mortgage Rates Jump to 3-Week Highs After Jackson Hole Speech | ||
| 8/28/2026 1:45 PM | ||
| Jackson Hole is a place in Wyoming, but it"s also shorthand for an annual event where various central bankers get together and talk about monetary policy. The Fed Chair almost always delivers a speech and that speech occasionally causes volatility in the bond market. This year was a classic example. Fed Chair Warsh"s speech focused on inflation re...Read More | ||
| Mortgage Demand Remains Stalled as Rates Move Higher | ||
| 8/28/2026 1:38 PM | ||
| Mortgage application activity softened last week, with both purchase and refinance demand moving lower as mortgage rates climbed to their highest level in three weeks. The Mortgage Bankers Association (MBA) reported a 1.0% decrease in total application volume on a seasonally adjusted basis for the week ending August 21. Purchase applications wer...Read More | ||
| New Home Sales Give Back June"s Gains | ||
| 8/28/2026 1:35 PM | ||
| The new home market struggled to maintain the momentum seen in June, with sales falling sharply in July and inventory moving higher. The latest Census Bureau and HUD figures point to another month of uneven activity for builders, as buyers continue to contend with affordability constraints and elevated mortgage rates. Sales of new single-family ho...Read More | ||