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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| Traders Buy The Dip After AM Data | ||
| 7/1/2025 3:06 PM | ||
| Traders Buy The Dip After AM Data After a bit of overnight strength and an early morning pull-back, bonds were right in line with yesterday afternoon"s levels ahead of the 10am data. JOLTS (job openings) pushed yields back to yesterday"s highs--perhaps with some help from the Senate"s passage of the s...Read More | ||
| Mortgage Rates Hold Steady at 3 Month Lows | ||
| 7/1/2025 2:09 PM | ||
| It"s been 88 days since the average 30yr fixed mortgage rate was as low as it is today--close enough to 3 months. Some lenders may be higher or lower than they were yesterday depending on whether or not changed rates yesterday afternoon. Mortgage lenders prefer to set rates once per day, but can "reprice" if the underlying bond market moves ...Read More | ||
| FICO Simulation, Georgia Servicing, Recapture Tools; What LOs Should Be Doing Now; Deficits and the New Tax Bill | ||
| 7/1/2025 10:50 AM | ||
| “Life is like a roll of toilet paper: The closer you get to the end, the faster it goes.” Just like that, 2025 is half over. With it have come changes at the GSEs, government loan programs, and the compliance landscape. In his latest edition of Mortgage Musings, Attorney Brian Levy offers insights on the trigger lead bill(s) and the challenges face...Read More | ||
| AM Data Possibly Arguing For a Bounce | ||
| 7/1/2025 9:33 AM | ||
| Tuesday brings the week"s first decent dose of meaningful economic data with both S&P/ISM Manufacturing PMIs and Job Openings. The PMI data was somewhat more debatable with headline levels slightly stronger than expected, but some internal components remaining bond-friendly. Job openings data was less equivocal, suggesting a marked ...Read More | ||
| Steady Gains in the PM Hours | ||
| 6/30/2025 3:45 PM | ||
| Steady Gains in the PM Hours It"s common to see the effects of month/quarter-end trading most prominently in the PM hours and today"s quarter-end session was no exception. A glut of bond buying just after 12:30pm got the part started and yields bottomed out just before the 4pm NYSE close. While 4pm is...Read More | ||
| Mortgage Rates Take Another Step Toward April Lows | ||
| 6/30/2025 2:28 PM | ||
| April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the "mid 6"s." Many lenders were able to quote 6.5% at the time. Just a few days ago, we noted there was still a ways to go before breaking below those early April levels, but the past few days have taken us within striking distance. The average lender...Read More | ||
| Automation, HELOC Products; The Current State of Regulation and Compliance; Interest Rates Sagging | ||
| 6/30/2025 10:42 AM | ||
| “The seminar ‘How to avoid frauds’ is canceled. Tickets are non-refundable.” Mortgage fraud is alive and well in the United States. In Utah, Kouri Richins, 35, the Kamas mother who is accused of killing her husband and writing a children’s book about grief is facing 26 new felony charges, including five counts of mortgage fraud. It certainly is not...Read More | ||
| Slow, Sideways Start, But Month-End Volatility Always a Possibility | ||
| 6/30/2025 9:14 AM | ||
| Month/quarter end trading is a somewhat esoteric and potentially frustrating concept for the typical market watcher because it seemingly violates the notion that market move for logical underlying reasons. To be fair, month-end volatility also has logical underlying reasons, but the logic requires a fairly deep dive (which is why we have a pr...Read More | ||
| Modest Friday Bounce Does Little to Alter Bigger Picture | ||
| 6/27/2025 2:24 PM | ||
| Modest Friday Bounce Does Little to Alter Bigger Picture After a decent mid-day recover, bonds gave up their gains heading into the 3pm close. It"s a level of weakness that demands no explanation in the bigger picture--especially on a Friday afternoon of a week with a rally on every single previous da...Read More | ||
| Mortgage Rates Not Too Far From 8 Month Lows | ||
| 6/27/2025 12:16 PM | ||
| Friday"s mortgage rates ended up being right in line with Thursday"s on average. At 6.72%, the MND daily rate index is as low as it"s been since early April when it hit 6.60%. If you"re thinking that 6.72 doesn"t sound much higher than 6.60, you"re right! Mortgage lenders tend to offer rates in 0.125% increments, so we"re really only o...Read More | ||