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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| Mortgage Rates Nudge Lower to Remain In The Same Old Range | ||
| 11/21/2025 12:53 PM | ||
| Recent stock market losses have gotten a lot attention in the news recently. While there"s no reliable correlation between stocks and interest rates, when stock losses are as big as they have been recently, it increases the tendency for rates to move in the same direction. That was definitely the case today. Bonds (which dictate rates) impro...Read More | ||
| Small Steps Higher, Same Stubbornly Low Territory for Existing Home Sales | ||
| 11/21/2025 12:45 PM | ||
| Existing-home sales posted another modest gain in October, rising 1.2% to a seasonally adjusted annual rate of 4.10 million , according to the National Association of Realtors (NAR). Sales are now 1.7% higher than a year ago as lower mortgage rates helped offset the drag from the government shutdown. Demand continues to run stronger than it did th...Read More | ||
| Rising Rates Pull Applications Lower, but Year-Over-Year Gains Hold Firm | ||
| 11/21/2025 12:37 PM | ||
| Mortgage applications moved lower last week as rates continued drifting higher for a third straight week. MBA’s Weekly Applications Survey for the week ending November 14 showed a 5.2% drop in total volume on a seasonally adjusted basis and a 7% decline unadjusted. The Refinance Index fell 7% from the previous week but is still running 125% above ...Read More | ||
| Builders Slash Prices at Record Pace Despite Slight Sentiment Improvement | ||
| 11/21/2025 12:01 PM | ||
| Builder confidence levels are still kicking the same sad little can down the road, just with slightly more enthusiasm. The November National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) inched up to 38 from 37 in October, marking the 19th straight month below the 50 line that separates expansion from contraction. Lo...Read More | ||
| Hedging, Broker Database, Distributed Meeting AI Tools; Experian on Renter"s Thoughts; Director Pulte a Liability? | ||
| 11/21/2025 11:04 AM | ||
| “Six cows were smoking joints and playing poker. That"s right: The steaks were pretty high.” The steaks, uh, stakes, are high when changes to our housing finance system occur, or actions are taken that are negatively impact borrowers or reputations. In a typical organization, the CEO reports to the board of directors. The FHFA oversees Freddie Mac ...Read More | ||
| Modestly Stronger With Bonds Tracking Stock Losses | ||
| 11/21/2025 8:31 AM | ||
| It was a pretty straightforward overnight session with a very high degree of correlation between bond yields and stock prices. The final leg of the rally arrived on comments from NY Fed Pres Williams who said he sees room for a December cut. As a reminder, apart from Powell, Williams is the most important voice at the Fed and his comments carry mor...Read More | ||
| Decent Gains Remain Intact; Stock Market Contribution is a Wild Card | ||
| 11/20/2025 3:21 PM | ||
| Decent Gains Remain Intact; Stock Market Contribution is a Wild Card The rescheduled release of the September jobs report played out exactly as we expected in terms of bond market impact. Volumes surged to the highest levels since the late October Fed announcement and bonds managed a clear response in spite...Read More | ||
| Mortgage Rates Hold Steady Thanks to Jobs Report | ||
| 11/20/2025 2:48 PM | ||
| Yesterday, we discussed the fact that mortgage rates were heading into Thursday with a disadvantage (for most lenders, anyway). This had to do with the fact that lenders prefer to avoid changing rates in the middle of the day (unless bond market movement is big enough to force their hands) and the fact that bonds had weakened just enough for lender...Read More | ||
| Servicing, Default, Remote Office, Verification Tools; Pennymac CEO on Servicing; IMB Profits; Cash-Strapped CFPB? | ||
| 11/20/2025 10:46 AM | ||
| “Here we are, a week away from Thanksgiving, and I’m in Kansas City. My family told me to stop telling Thanksgiving jokes, but I said I couldn’t quit cold turkey.” The CFPB isn’t going away “cold turkey” but yesterday’s personnel move was a reminder that there are clever people in Washington DC. It was a follow up to Trump Administration court fili...Read More | ||
| Mixed Reaction to Mixed Jobs Data | ||
| 11/20/2025 8:19 AM | ||
| It"s shaping up to be a "no whammies" sort of morning for the bond market. There"s no denying that the jobs report was a highly tradeable event. The 30 minutes of volume following the release was by far the highest since the October 29th Fed announcement. But that volume has been fairly well balanced between buyers and sellers. Cre...Read More | ||