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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| AI Products; Fair Lending, Deportations, and Service Animals; AI Governance; Pennymac"s AI Path | ||
| 6/16/2026 9:55 AM | ||
| Sure, we have a Fed meeting, but the Fed doesn’t set mortgage rates. Will they all head off on vacation after this week? Perhaps. Given the increase in the “out of office” replies I am seeing, and children in airports, summer vacation is in full swing. (Apparently families will change their spending habits to accommodate the run up in fuel costs; m...Read More | ||
| Gradual Selling Leaves Bonds Only Slightly Stronger. | ||
| 6/15/2026 3:15 PM | ||
| Gradual Selling Leaves Bonds Only Slightly Stronger. With both sides signing the peace memo, the market was immediately willing to react in the overnight session, but that reaction fell short of what we might expect for an official peace deal. This is a bond market problem more than an Iran war problem. ...Read More | ||
| Mortgage Rates Hit One-Month Lows | ||
| 6/15/2026 2:51 PM | ||
| The bad news: mortgage rates didn"t fall quite as much as one might have expected following the confirmation of the Iran peace deal. The good news: rates had already begun pricing in the peace deal last Thursday and it only took a modest improvement for the average lender to match the lowest level in exactly one month. For context, today"s M...Read More | ||
| Verification, MGIC Survey, Rocket Contest, Credit Reporting Tools; Agency Program Changes | ||
| 6/15/2026 10:26 AM | ||
| This morning, I head to Honolulu for the MBA Hawai’i annual conference. The “Pineapple State” is known for banks and credit unions dominating residential lending. Robber Willie Sutton is famously quoted as saying, "I rob banks because that"s where the money is." Large, unexpected moves in money make the headlines, and Saturday’s Commentary highligh...Read More | ||
| Near Best Levels in a Month as Peace Deal Materializes | ||
| 6/15/2026 9:07 AM | ||
| Although at least one article (from BBC) suggested a peace deal had been signed on Friday, the real word appears to be that a signing is scheduled for Friday. That fact, along with comments on a "done deal" from both sides, helped bonds rally sharply in overnight trading. 10yr yields dropped roughly 6bps and have corrected gradually since then. Yie...Read More | ||
| Minimal Deal Drama, But Next Week Could be Different | ||
| 6/12/2026 2:34 PM | ||
| Minimal Deal Drama, But Next Week Could be Different Various headlines out of Iran pushed back on the notion that a preliminary peace deal was near the finish line this morning. This resulted in modest upward pressure on yields for the first several hours of the day. Then just before 11am, Iran"s foreign...Read More | ||
| Mortgage Rates Near Lowest Levels in Weeks | ||
| 6/12/2026 1:51 PM | ||
| Some national headlines are pointing out that mortgage rates are higher this week. Those are based on weekly survey data which can often be stale compared to daily rate movement. Actual average rates are now in line with last Thursday"s levels of 6.58% for top tier 30yr fixed scenarios. That"s just 0.02% higher than May 29th levels. You"d have to g...Read More | ||
| Modest Bounce in Refi Demand Despite Rate Volatility | ||
| 6/12/2026 1:45 PM | ||
| Mortgage applications bounced higher last week after the holiday-shortened period, though the increase largely reflected a normalization in activity rather than a meaningful improvement in underlying demand. The Mortgage Bankers Association (MBA) reported a 10.8% increase in total application volume on a seasonally adjusted basis for the week end...Read More | ||
| Existing-Home Sales Reach Five-Month High as Affordability Improves | ||
| 6/12/2026 1:25 PM | ||
| Existing-home sales picked up in May, rising to their highest level since December as improving affordability and steady household income gains continued to support demand. Sales increased 3.2% from April to a seasonally adjusted annual rate of 4.17 million , and were also 3.2% higher than a year ago. “More Americans are on the move,” said NA...Read More | ||
| UAD 3.6, Compliance AI, Closing Doc Tools; Bill Pulte Ousted; MBS Investor Interview; MISMO and AI | ||
| 6/12/2026 10:48 AM | ||
| Every time I use my credit card at the supermarket it can impact my credit score which were invented in 1958. What might be the credit score of the United States with its $1.78 trillion deficit in 2025? Gas stations and supermarkets are two daily places where we see inflation. Trader Joes, with its 630+ locations, is known for many things, not the ...Read More | ||