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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| Some Asymmetric Risk When it Comes to Locking vs Floating | ||
| 1/14/2026 2:57 PM | ||
| Some Asymmetric Risk When it Comes to Locking vs Floating Bonds improved today mostly in response to heavy stock losses creating some safe haven buying demand. Data wasn"t heavily traded, but it didn"t do any harm. Producer Prices were mixed, with an upward revision in September being offset by lower-than-e...Read More | ||
| Mortgage Rates Unchanged Despite Bond Market Improvement | ||
| 1/14/2026 2:27 PM | ||
| Trading levels in the bond market directly impact the rates that mortgage lenders can offer. This is why rates moved so much lower after last week"s news regarding planned purchases of $200bln in mortgage backed bonds. But bonds aren"t the only input for rates, and those other inputs can make for days like today where bonds are noticeably be...Read More | ||
| Existing-Home Sales Jump 5.1% in December, Strongest Pace in Nearly Three Years | ||
| 1/14/2026 11:52 AM | ||
| Existing-home sales posted a notable year-end rebound in December, jumping 5.1% to a seasonally adjusted annual rate of 4.35 million , according to the National Association of Realtors (NAR). After adjusting for seasonal factors, December sales were the strongest in nearly three years, marking a broad-based improvement across all four regions. ...Read More | ||
| Bond Buying Announcement Leads Surge in Mortgage Apps | ||
| 1/14/2026 11:37 AM | ||
| As we reported last week, the announcement that Fannie and Freddie would buy $200bln in mortgage-backed securities led to a precipitous drop in rates last week. For most of Friday, the top tier 30yr fixed rate was at 5.99% for the average lender according to MND"s daily mortgage rate index--the lowest in roughly 3 years. And that single day ...Read More | ||
| Hedging, Warehouse, BBYS, HELOC Products; Mortgage Apps Jump; Inflation Data Tame; FHA Delinquencies | ||
| 1/14/2026 10:55 AM | ||
| In our world, no one expects lender and/or vendor mergers and acquisitions to diminish in 2026, and in today’s Mortgage Matters at 2PM ET, presented by Lenders One, Garth Graham, Senior Partner at STRATMOR Group, will break down key M&A trends, recap the pivotal developments of 2025, and share insights on what lenders can expect in 2026. (Garth...Read More | ||
| Today"s Data is Proving Less Tradeable, But Doing No Harm | ||
| 1/14/2026 7:58 AM | ||
| 10yr Treasury futures volumes spiked about 5 times higher in the 2 minutes following yesterday"s CPI than in the 2 minutes following this morning"s PPI/Retail Sales combo. Annual PPI was the highest since July with headline and core both at 3.0%. But November"s results were lower than expected (core m/m at 0.0 vs 0.2). It was a big upwa...Read More | ||
| CPI Helped Bonds Avoid Losing Ground | ||
| 1/13/2026 3:46 PM | ||
| CPI Helped Bonds Avoid Losing Ground Bonds began the day in slightly weaker territory and managed to flip into slightly stronger territory after the CPI data. Core monthly CPI printed at 0.2, but was rounded down from 0.24. In other words, it wasn"t as big of a beat as the "0.2 vs 0.3" result suggested. The...Read More | ||
| Mortgage Rates Now Solidly Back Above 6% | ||
| 1/13/2026 2:25 PM | ||
| According to our chart of MND"s mortgage rate index, 30yr fixed rates bottomed at 6.01% yesterday, but that"s because the chart logs the day"s latest entry. On Friday, until late in the day, the chart showed a rate of 5.99%. It was only after several lenders raised rates in the afternoon that the index moved up to 6.06%. Today"s rates ended u...Read More | ||
| Broker, Jumbo, Verification, Climate Risk Products; CFPB Requests Money, Reverse Referral Opinion; CPI Data | ||
| 1/13/2026 10:44 AM | ||
| Today’s Capital Markets Wrap (3PM ET) will cover how mortgage rates may be impacted by the lack of a traditional flight to quality despite rising international unrest, alongside proposed limits on institutional SFR purchases, rate sheet changes, recent presidential commentary on GSE bond buying, and… the proposed credit card interest cap. “Rob, yes...Read More | ||
| Mixed, But Modestly Stronger Reaction to CPI | ||
| 1/13/2026 9:00 AM | ||
| CPI came out just a bit lower than expected with the monthly core at 0.2 vs 0.3 and annual core at 2.6 vs 2.7. The unrounded numbers were closer to forecasts and headline inflation was unchanged from last month. All that to say that there was no major directional suggestion for rates in today"s data. It"s best use is to confirm that inflation...Read More | ||