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

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Real Estate News
MBS RECAP: Post-Supply Rally Brings Bonds Back to Their Happy Place
Thu, 28 Apr 2016 21:17:18 GMT

Posted To: MBS CommentaryBonds traded either side of unchanged early in the day Little, if any response to GDP Bigger move seen after the end of the auction cycle Not a huge rally, but enough to re-enter previous range Bond market reaction to Treasur..[read more]

Mortgage Rates Back Down to Last Week's Range
Thu, 28 Apr 2016 20:50:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued lower for a second straight day, ultimately making it back to levels not seen since last Tuesday. Today's improvements are partly an extension of yesterday's reaction to the Fed Announcement, but..[read more]

Homeownership near its lowest in history
Thu, 28 Apr 2016 16:24:21 GMT

Posted To: MND NewsWireHome sales may be rising, but homeownership in the United States is heading down once again. After gains in the second half of 2015, the homeownership rate fell to just 63.6 percent , seasonally adjusted, in the first quarter o..[read more]

Home Prices Closing on 2006 Peak
Thu, 28 Apr 2016 14:39:17 GMT

Posted To: MND NewsWireHome prices rose 0.7 percent from January to February according to Black Knight Financial Services. The company's Home Price Index (HPI) was at $245,000 a 5.3 percent increase from February 2015. The company said that there is ..[read more]

Completely Different Definition of 'Underwater' And Its Impact on Housing
Thu, 28 Apr 2016 14:32:45 GMT

Posted To: MND NewsWireWhat has just moved from fifth place in the World Economic Forum's list of global risks to the top of the heap? The "failure of climate change mediation and adaptation" now ranks ahead of weapons of mass destruction, water cris..[read more]

New Vendor Management Product; Primer on Case-Shiller Calculation and Trends
Thu, 28 Apr 2016 14:20:28 GMT

Posted To: Pipeline PressDo legal settlements between the government and lenders really do anything to expand credit to deserving home buyers needing to borrow money? I don’t think so… Yesterday the commentary looked at trends in New Hom..[read more]

MBS Day Ahead: Chance to Confirm Post-Fed Bounce
Thu, 28 Apr 2016 12:24:40 GMT

Posted To: MBS CommentaryBond rally following yesterday's Fed brings trading levels right back to the top of the previous range holding ground today with modest gains would be great breaking back below 10yr yields of 1.80 would be better simply a..[read more]

MBS RECAP: Bonds/Stocks/Oil Cheer Fed's Friendly Stance
Wed, 27 Apr 2016 21:18:29 GMT

Posted To: MBS CommentaryVery very simple day markets were anxious that Fed might hint at June hike Fed did NOT hint at June hike Markets were happy The end I will now set about the task of stretching the bullet points above into enough prose that th..[read more]

Mortgage Rates Helped by Fed Announcement
Wed, 27 Apr 2016 20:48:00 GMT

Posted To: Mortgage Rate WatchMortgage rates caught a break today! After having moved sideways or higher for the past 7 days, and spending the last 3 at the highest levels in more than a month, rates finally moved lower, albeit modestly. The friendly..[read more]

Differences Between Current and Previous FOMC Statements
Wed, 27 Apr 2016 18:01:57 GMT

Posted To: MBS Commentary(additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in January suggestsMarch indicates that labor market conditions have improved further eve..[read more]

Pending Sales at 10-Month High, but Weakening in The West
Wed, 27 Apr 2016 15:34:12 GMT

Posted To: MND NewsWirePending home sales rose for the second straight month in March although the increase was less than in February. The National Association of Realtors® said on Wednesday that its Pending Home Sales Index (PHSI) rose 1.4 perce..[read more]

New Home Sales Trends; Changes in HUD and Lender FHA Programs
Wed, 27 Apr 2016 13:49:24 GMT

Posted To: Pipeline PressThe “Tiny Home” movement is interesting, but 84 square feet ? That is enough to store my Hot Wheels, Match Box, and slot car collections. Am I thinking about this the wrong way? We sure have had a lot of housing i..[read more]

MBS Day Ahead: Fed Day! Same Game-Plan as October?
Wed, 27 Apr 2016 13:08:30 GMT

Posted To: MBS CommentaryFed has history of using off-cycle meetings to set stage for policy action OK, so it has only happened one--maybe two--times. Is now one of those times? I'm not sure if this term is common parlance when referring to the F..[read more]

Rate Rise ends Refi Run
Wed, 27 Apr 2016 12:13:22 GMT

Posted To: MND NewsWireMortgage application volume fell across the board during the week ended April 22. Applications were down for both purchase mortgages and refinancing as rates rose slightly from recent lows. The Mortgage Bankers Association said..[read more]

MBS RECAP: Bond Markets Hunkered Down Ahead of Fed
Tue, 26 Apr 2016 21:18:55 GMT

Posted To: MBS CommentaryWeaker Durable Goods and Consumer Confidence Didn't Help Bonds continued slow, steady selling trend 10yr yields topped out at 1.94 Fannie 3.0s lost about an eighth leading some lenders to reprice The overnight session beg..[read more]

Mortgage Rates Sideways ahead of Fed
Tue, 26 Apr 2016 20:32:00 GMT

Posted To: Mortgage Rate WatchMortgage rates remained in line with their highest levels in a month for the third straight day . The average lender is now quoting conventional 30yr fixed rates of 3.75% on top tier scenarios. Earlier this month, strong..[read more]

Housing is Economic Bright Spot; Refinance Potential Brighter
Tue, 26 Apr 2016 19:49:33 GMT

Posted To: MND NewsWireHousing remains the bright spot in a darkening economic outlook according to Freddie Mac's economists. Though they have revised their forecast for economic growth downward in the latest edition of the company's Outlook they are..[read more]

Homebuying Experience Improving, but Stress Factors Remain
Tue, 26 Apr 2016 19:45:32 GMT

Posted To: MND NewsWireCould it be that consumers actually seem to enjoy sitting at the closing table? That appears to be one finding from a recent survey of homeowners by TD Bank. It's fourth annual Mortgage Service Index shows that 71 percent of re..[read more]

Consumers Continue to Complain about Servicer Issues
Tue, 26 Apr 2016 19:41:58 GMT

Posted To: MND NewsWireMortgage servicing remains a sore spot for consumers, especially those having problems paying their loans. The Consumer Financial Protection Bureau (CFPB) has released its latest monthly consumer complaint snapshot, putting a s..[read more]

Case-Shiller Price Increases Ease Slightly
Tue, 26 Apr 2016 14:12:16 GMT

Posted To: MND NewsWireHome prices in the U.S. posted a 5.3 percent increase from February 2015 to February 2016 according to the S&P/Case Shiller index covering all nine U.S. census divisions. This was the same as the annual increase posted in Janua..[read more]

Upcoming Events; Changes in 4506-T Requirements and in Credit Trends
Tue, 26 Apr 2016 13:18:47 GMT

Posted To: Pipeline PressWith news swirling of US Bank’s mortgage reorganization last week, let’s not forget the regulator that touches every residential lender: the CFPB. There is industry chatter that it is skipping TRID-related present..[read more]

MBS Day Ahead: Bigger-Ticket Data, but Real Motivation is Fed Prep
Tue, 26 Apr 2016 12:31:50 GMT

Posted To: MBS CommentaryDurable Goods at 830am and Consumer Confidence are bigger ticket reports than yesterday's New Home Sales The econ data won't have the final word on market movement bonds are preparing for the Fed in the bigger picture..[read more]

MBS RECAP: Bumpy Start, but Mortgages Outperform Treasuries
Mon, 25 Apr 2016 21:34:22 GMT

Posted To: MBS CommentaryActive corporate bond issuance puts pressure on Treasuries MBS only lose 2 ticks lower oil prices were no help European bond markets still having an effect As is the case with so many Mondays, today could easily have been an ..[read more]

Mortgage Rates Begin Week at Recent Highs
Mon, 25 Apr 2016 21:07:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much , if at all, today. That's not exactly what we want to see right now considering they're as high as they've been since the 2nd half of March. The average lender has now moved up from quoti..[read more]

Rates Spur Surge in Prepayment Rate in March
Mon, 25 Apr 2016 14:57:49 GMT

Posted To: MND NewsWireThe national delinquency rate as reported by Black Knight Financial Services has now dropped to levels not seen in 15 years while the serious delinquency rate (90 days or more past due) is at its lowest point since March 2007. ..[read more]

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