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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| New Home Sales Reinforce Last Month"s Rebound | ||
| 10/30/2026 1:53 PM | ||
| New home sales lost almost no ground in September, effectively reinforcing the healthy rebound seen in August"s report. The Census Bureau"s New Residential Construction report clocked sales at an annual pace of 676k, down only 0.6% month over month. As seen in the chart below, the broader trend has been sideways for nearly 3 years now. Th...Read More | ||
| Home Price Appreciation Edges Higher in August | ||
| 10/30/2026 1:49 PM | ||
| Home price appreciation picked up again in August (as reported this week), but the improvement was minimal. The FHFA House Price Index rose 0.3% from July to August, bringing annual appreciation to 2.4% . July"s previously reported monthly gain was revised down from 0.3% to 0.2%. Regional results remained uneven, with annual appreciation ...Read More | ||
| Mortgage Demand Bounces Back, Sort Of | ||
| 10/30/2026 1:33 PM | ||
| Mortgage applications finally rebounded as mortgage rates fell for a second straight week. The Mortgage Bankers Association (MBA) reported a 3.4% increase in total application volume for the week ending October 23. The average 30-year fixed mortgage rate declined to 7.37% from 7.41%, its lowest level in three weeks. Both purchase and refinance...Read More | ||
| Mortgage Rates End Week at Lows | ||
| 10/30/2026 1:24 PM | ||
| The rate market continues taking cues from turmoil in the tech sector. That resulted in the lowest rates in more than a month today as tech stocks slide to their lowest levels since July. The biggest shift for the underlying bond market (bonds dictate rates) came just before 1pm on reports that Anthropic"s post IPO credit rating was not like...Read More | ||
| Broker, DPA, AI Governance, Benchmark, U/W Products; Webinars; STRATMOR on Mergers | ||
| 10/30/2026 10:41 AM | ||
| As companies around the nation stage in-person or virtual costume contests, here’s some information for you a little off the beaten path. People want to own a home (“no one grows up wanting to be a renter”) regardless of… the amount of daylight? Looking at averages in the Continental United States (not Alaska or Hawaii), the difference between the ...Read More | ||
| Bond Yields Not Eager to Follow Stocks Lower | ||
| 10/30/2026 8:59 AM | ||
| Bonds were initially stronger in the overnight session with 10yr yields briefly falling under 4.90%. The rally generally aligned with overnight losses in the stock market, at least at first. When European markets came online, bonds began drifting more sideways even as stocks gradually declined to new lows. Given that today is month-end and that muc...Read More | ||
| Tech Jitters are Back. Bonds Like It | ||
| 10/29/2026 4:08 PM | ||
| Tech Jitters are Back. Bonds Like It As has been the case for the past several weeks, the near-term fate of the rate rally is dependent on tech jitters. While those had leveled off in a sideways pattern over the first few days of the week, they resurfaced today, both at the NYSE open and close. The 4pm move...Read More | ||
| Rates Dip to New Multi-Week Lows | ||
| 10/29/2026 3:16 PM | ||
| After 4 rather uneventful trading days, the bond market (which underlies interest rate movement) experienced a bit more volatility today. Fortunately, it was volatility in a friendly direction. 10yr Treasury yields ended the day at their lowest level since September 22nd. Mortgage rates dropped to their lowest mark since September 23rd for the ave...Read More | ||
| Non-QM Execution, Real Estate Agent Service, UAD 3.6, Jumbo Products; Freddie Earnings | ||
| 10/29/2026 10:12 AM | ||
| Artificial intelligence continues to capture the imagination of a wide range of companies, including lenders. “Why Underwriting Is the Right Problem for AI to Solve First,” is a topic on a recent Thought Leadership piece. It will be a topic on today’s The Big Picture with James Sais, the head of mortgage lending at Fifth Third Bank. You may be thin...Read More | ||
| No Whammies From PCE Data. Tech Plunge Helping | ||
| 10/29/2026 8:48 AM | ||
| PCE inflation was almost perfectly in line with even the unrounded expectations. The monthly core number was 0.32 vs 0.34 (or .3 vs .3 on most econ calendars). Perhaps the modest miss helps explain the modest drop in yields at 8:30am. All in all though, it was a small enough response as to obviate any further consideration. Bonds experienced ...Read More | ||