Sarah O'Shea Munoz, GRI, ABR, SFR
O'Shea Munoz Homes
101 N Oak Park Avenue
Oak Park, IL 60301
Direct: (708) 359-1570

leftnav photo

Real Estate News
MBS RECAP: Stocks Liked Today's News. Yields Followed
Thu, 08 Oct 2015 21:40:44 GMT

Posted To: MBS CommentaryThe overnight session was extra quiet for bond markets, with no meaningful movements until after 8am. In hindsight, uneventful was good as the recently vague pressure on rates kicked into high gear after the FOMC Minutes. It ..[read more]

Mortgage Rates Highest in More Than a Week
Thu, 08 Oct 2015 21:01:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved modestly higher today , depending on the lender. Once again, pricing strategies remained widely variable due to market volatility. When the trading prices of mortgage-backed-securities (MBS) changes ..[read more]

CFPB Addresses Marketing Services Agreements
Thu, 08 Oct 2015 17:57:39 GMT

Posted To: MND NewsWireSaying it was "deeply concerned" about how marketing services agreements are undermining consumer safeguards against kickbacks, the Consumer Financial Protection Bureau (CFPB) has issued guidance about them directed to the mort..[read more]

MBS MID-DAY: Weaker Ahead of Fed Minutes
Thu, 08 Oct 2015 17:10:49 GMT

Posted To: MBS CommentaryBonds continue following the broader global correction leading back from the stock market weakness at the end of September. This has been a classic "risk-on" move where stock prices and bond yields are rising together. It has..[read more]

Housing Sentiment Boosted by Perceived Sellers' Market
Thu, 08 Oct 2015 14:43:43 GMT

Posted To: MND NewsWireIn case you missed it, last month Fannie Mae began to transition the multi-graph and narrative report detailing results of its National Housing Survey (NHS) into a different format, the Home Purchase Sentiment Index (HPSI). The..[read more]

New Reps & Warrants From Fannie and Freddie; Millennial Trends
Thu, 08 Oct 2015 14:14:28 GMT

Posted To: Pipeline PressWho says that financial reporters don't have a sense of humor? I caught this recent headline about a story on Alcoa Aluminum splitting into mining and metal groups: "Alcoa: thinking outside the baux." Get it? Aluminum comes f..[read more]

MBS Day Ahead: Important Fed Minutes and Last of the Auctions
Thu, 08 Oct 2015 11:32:07 GMT

Posted To: MBS CommentaryAny deep hypothetical analysis of recent bond market behavior requires a caveat about volume and volatility . Namely, we haven't had any of either of those two things so far this week. Next caveat: that's either a sym..[read more]

MBS RECAP: Uneventful Day After After Weaker Start
Wed, 07 Oct 2015 21:36:11 GMT

Posted To: MBS CommentaryIn yet another installment of "the headline is the recap," today's trading session was largely uneventful apart from the moderate weakness carried over from the overnight session. (See what I did there? Same thesis as the..[read more]

Mortgage Rates Fighting to Stay Low
Wed, 07 Oct 2015 19:49:00 GMT

Posted To: Mortgage Rate WatchMortgage rates put in another day with minimal movement today. If there was a detectable bias, it was toward slightly higher rates, but many lenders didn't move at all. That leaves the predominant range of conventional 3..[read more]

Can Pending Home Sales Predict Price Changes?
Wed, 07 Oct 2015 19:25:17 GMT

Posted To: MND NewsWireThe housing industry has long expected that pending home sales in a given month will fairly accurately forecast the actual sales transactions that follow one or two months later. But Bin He - principal economist with the CoreLo..[read more]

MBS MID-DAY: Holding Moderate Losses Ahead of 10yr Auction
Wed, 07 Oct 2015 16:55:39 GMT

Posted To: MBS CommentaryDomestic bond markets continue to be more-or-less glued to stocks . Treasuries began flat in the overnight session, but yields soon began rising as equities began rising. German Bunds followed the move as well, but even when ..[read more]

TRID Flubs, Fluffs, PR Victories, Training; Fannie/Freddie Weigh in on Enforcement
Wed, 07 Oct 2015 13:43:16 GMT

Posted To: Pipeline PressHow long has your staff been on their jobs? The Fed has kept short term rates unchanged for 6 years and 9 months at this point. Does your senior management team have plans in place, or estimates of the impact on business, if ..[read more]

Mortgage Apps Skyrocket on Rates and TRID
Wed, 07 Oct 2015 13:05:40 GMT

Posted To: MND NewsWireDeclining rates, an impending hurricane, the Blood Moon - who knows what was behind - it but mortgage application volume went a little crazy last week . The Mortgage Bankers Association said its Market Composite Index and all o..[read more]

MBS Day Ahead: Weaker Bond Markets Reveal Line In Sand
Wed, 07 Oct 2015 12:42:09 GMT

Posted To: MBS CommentaryEvery so often, amid the multitude of relatively vague and more complex technical indicators, bond markets just 'give us the answer.' Granted, the answer in question isn't necessarily some epic truth that will sol..[read more]

Mortgage Rates Hold Sideways to Slightly Higher
Tue, 06 Oct 2015 20:58:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to hold their ground in most cases today. That's a refreshing turn of events considering the forceful move higher seen on Friday afternoon and yesterday. Granted, that spike in rates followed a str..[read more]

MBS RECAP: Slightly Stronger After Morning Volatility
Tue, 06 Oct 2015 20:57:19 GMT

Posted To: MBS CommentaryBond markets came into the domestic session roughly unchanged, but soon found themselves under pressure. Before 9am, concerns over the day's corporate bond issuance along with advancing equities conspired to push Treasury..[read more]

MBS MID-DAY: Bonds Recover After Morning Weakness
Tue, 06 Oct 2015 16:56:52 GMT

Posted To: MBS CommentaryOvernight trading was inconsequential for domestic bond markets with both Treasuries and MBS hitting New York hours very close to 'unchanged.' Asian market hours saw very slight gains and European hours marked the ons..[read more]

Home Price Appreciation Better Than Expected -CoreLogic
Tue, 06 Oct 2015 14:47:44 GMT

Posted To: MND NewsWireCoreLogic said on Tuesday that its Home Price Index (HPI) including distressed sales rose on a year-over-basis for the 42 nd consecutive month in August. The HPI was up 6.9 percent compared to August 2014, the second month in a..[read more]

Credit Access Continues Slow but Steady Improvement
Tue, 06 Oct 2015 14:43:35 GMT

Posted To: MND NewsWireA loosening of access to GSE (Freddie Mac and Fannie Mae) loans in September, contributed to a slight increase in the Mortgage Credit Availability Index (MCAI.) The Mortgage Bankers Association said that its index increased 0.3..[read more]

New Products; Capital Markets Changes; Credit Default Swap News
Tue, 06 Oct 2015 14:22:47 GMT

Posted To: Pipeline PressIt is not an issue of "if", but "when". The ABA said it suffered a cyberattack of its online shopping cart and at least 6,400 user records had been stolen and posted online (including email addresses and passwords used to mak..[read more]

MBS Day Ahead: Going Gets Tougher For Bonds
Tue, 06 Oct 2015 11:33:32 GMT

Posted To: MBS CommentaryThat disturbance you might have felt in the force--that's the high-conviction shift in both stocks and bonds. Whereas both had been defying the consensus (bonds by improving and stocks--to a lesser extent--by failing to &..[read more]

MBS RECAP: Running Out of Ways to Say "Post-NFP Knee-Jerk."
Mon, 05 Oct 2015 21:06:59 GMT

Posted To: MBS CommentaryHere it is the end of Monday and markets are still stuck on the same old thoughts and strategies that existed last week even before the NFP release. At the time, traders were feeling like the bond rally had already shown perp..[read more]

Mortgage Rates Erase Friday's Strong Move Lower
Mon, 05 Oct 2015 19:52:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved substantially higher today in the context of recent day-to-day changes. In the broader context, we're still talking about 30yr fixed rates that have remained in the "high 3's" for over a week now. It..[read more]

Student Loan Debt, Homeownership, And Millennials. It's Complicated.
Mon, 05 Oct 2015 18:23:50 GMT

Posted To: MND NewsWireOnce the recession ended and unemployment, which had especially impacted Millennials, returned to normal levels, that age group was expected to increase the homeownership rate . Instead, even as a larger chunk of that generatio..[read more]

Surprise! More Home Equity = More Cash-Out Refinances
Mon, 05 Oct 2015 17:43:28 GMT

Posted To: MND NewsWireWhile they aren't doing it at nearly the rate they did before the Great Recession, Americans are increasingly tapping the equity in their homes with cash-out refinancing. Black Knight Financial Services says in its latest Mortg..[read more]

 © 2015 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design