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
Mortgage Rates Pause Ahead of Big Events
Wed, 04 Mar 2015 21:49:00 GMT

Posted To: Mortgage Rate WatchMortgage rates paused today after moving swiftly higher over the past two days. Markets reacted to two important pieces of data this morning, ADP Employment and the ISM Services Index. Both of these are regarded as relev..[read more]

MBS RECAP: Bonds Opt to Hold Ground After Morning Data Volatility
Wed, 04 Mar 2015 21:45:43 GMT

Posted To: MBS CommentaryYesterday afternoon's latest levels in 10yr yields were right around 2.13. This morning's pre-data highs (just before 7am) were also right around 2.13. And after the data imparted it's volatile spin on trading lev..[read more]

MBS MID-DAY: NFP Anxiety Keeping Bond Markets Defensive
Wed, 04 Mar 2015 17:39:41 GMT

Posted To: MBS CommentaryThis morning's trading has been refreshingly straightforward. In fact, it's about as straightforward as it gets. Bond markets are clearly quite focused on Friday's NFP results, and reacted to today's economic ..[read more]

ALTA Offers Advice to CFPB and Points out Major Problem with Disclosure Forms
Wed, 04 Mar 2015 14:45:00 GMT

Posted To: Pipeline PressNothing ruins your Friday like realizing it is only Wednesday! I lose track of what we're celebrating this month: I was all geared up for the Irish, but the Census Bureau reminds us that it is Women's History Month. A good th..[read more]

Lower Rates did little for Mortgage Application Volume
Wed, 04 Mar 2015 14:12:54 GMT

Posted To: MND NewsWireMortgage applications were mixed and largely flat during the week ended February 27. The Mortgage Bankers Association said its Market Composite Index, a measure of application volume, increased 0.1 percent on a seasonally adjus..[read more]

MBS Day Ahead: Not Without Hope, But Defensiveness Makes Sense
Wed, 04 Mar 2015 12:01:00 GMT

Posted To: MBS CommentaryYou might have detected a more bearish tone in my opening thoughts for March, titled: Refocusing on Data as March Begins . If you didn't read that, or don't care to, the gist is that much has recently changed in terms of the ..[read more]

MBS RECAP: Bonds Remain on the Ropes Ahead of Big-Ticket Events
Tue, 03 Mar 2015 21:26:25 GMT

Posted To: MBS CommentaryBonds sold off again today amid a total absence of economic data and meaningful headlines. Tradeflows were left in control and the biggest consideration continues to be the corporate bond market. After another massive deal ca..[read more]

Mortgage Rates Remain Under Pressure; More Volatility Ahead
Tue, 03 Mar 2015 20:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved convincingly higher for the second straight day, bringing them back near the highest levels of 2015. Rates are dictated primarily by bond market trading, and traders are currently in a defensive stan..[read more]

CoreLogic sees Continued "Strong and Progressive Uptick in Prices"
Tue, 03 Mar 2015 19:34:56 GMT

Posted To: MND NewsWireHome prices, including sales of distressed properties, continued to appreciate on both an annual and a monthly basis in January. CoreLogic said that its Home Price Index including sales of foreclosed property and short sales, i..[read more]

Vacancies up, Rents Moderate, but 2015 still Looks Solid for Multifamily
Tue, 03 Mar 2015 19:04:09 GMT

Posted To: MND NewsWireThe multifamily market outperformed many predictions in 2014; vacancy levels, despite a flood of new properties, declined by 10 basis points from 2013 to a 13-year low of 4.2 percent. Revenue per unit rose, continuing the patte..[read more]

MBS MID-DAY: Quiet Morning So Far; Corporate Bonds Still in Control
Tue, 03 Mar 2015 17:38:48 GMT

Posted To: MBS CommentaryAnyone who's not talking about this week's rate movements in the context of the big Actavis corporate bond offering is missing the point . It was yesterday's biggest trading motivation and it continues to guide th..[read more]

LO Comp Plan Survey; Recent Secondary Market Developments, Including Non-Performing Loan Sales
Tue, 03 Mar 2015 15:52:22 GMT

Posted To: Pipeline PressIrish-American Heritage is celebrated throughout the month of March and St. Patrick's Day is on March 17 th . Once again our Census Bureau has its finger on the numbers pulse. In 2013, there were 33.3 million residents in the..[read more]

MBS Day Ahead: Absence of Data Leaves Focus on Technicals and Tradeflows
Tue, 03 Mar 2015 12:33:59 GMT

Posted To: MBS CommentaryYesterday morning, bond traders held off on more meaningful selling until they could rule out a big miss in the ISM data. That would normally mean today could provide a clearer look at organic momentum as there are no major r..[read more]

MBS RECAP: What is Actavis and How Did it Ruin Our Day?
Mon, 02 Mar 2015 22:34:59 GMT

Posted To: MBS CommentaryHave you heard much about Actavis before today? Me neither, but that sure changed quickly! Actavis is a big pharmaceutical company that announced it would buy Allergan back in Nov for around $66 bln. As is sometimes the case ..[read more]

Mortgage Rates Back up to 3.875 Percent
Mon, 02 Mar 2015 21:34:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose fairly sharply to begin the new month as a large corporate bond sale indirectly hurt the bonds that dictate mortgage rates. When a company (in today's case, pharmaceutical giant Actavis) issues debt, ..[read more]

FHFA Sets Rules for Bulk Loan Sales
Mon, 02 Mar 2015 21:26:13 GMT

Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA), conservator of Fannie Mae and Freddie Mac (the GSEs), released guidelines for their sales of non-performing mortgage loans . FHFA earlier approved sales as a mechanism to reduce the in..[read more]

MBS MID-DAY: In Hindsight, Morning's Big Sell-Off is Simple
Mon, 02 Mar 2015 17:44:36 GMT

Posted To: MBS CommentaryIn hindsight, this has turned out to be a simple morning for bond markets. That wasn't the case earlier when we could only guess at the likely culprits behind a pervasive--even counterintuitive--push toward weaker levels...[read more]

Construction Spending Eased in January; Most Segments Higher on Annual Basis
Mon, 02 Mar 2015 16:32:22 GMT

Posted To: MND NewsWireBoth publicly and privately funded construction dipped slightly in January from February levels the Census Bureau said today, although both total construction and the publicly funded segment did remain above January 2014 levels..[read more]

Private MI Updates; Trends in Fast Growing Rental Markets and Gentrification
Mon, 02 Mar 2015 14:59:11 GMT

Posted To: Pipeline PressNational MI recently added a Homebuyer Education course to its offerings. This online course will help first-time homebuyers navigate the home buying process, from how to qualify for a mortgage at affordable terms, to where t..[read more]

MBS Week Ahead: Refocusing on Data as March Begins
Mon, 02 Mar 2015 12:34:04 GMT

Posted To: MBS CommentaryIt's an exciting and dangerous time for US rates markets, full of risk and opportunity. For those of us who were closely watching trends in rates at the end of 2013, the last 14 months have been unexpectedly excellent. Mu..[read more]

Mortgage Rates End Bad Month on Good Note
Fri, 27 Feb 2015 22:09:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to scrape together modest gains for today's month-end session. In terms of the financial markets that dictate mortgage rates, the last day of the month can be a volatile day that shuns the normal c..[read more]

MBS RECAP: Slow, Steady Gains for Bond Markets
Fri, 27 Feb 2015 21:59:28 GMT

Posted To: MBS CommentaryVery little has changed between now and the mid-day update (read that HERE if you like). To recap, bonds started the day roughly in line with yesterday's latest levels and made gradual improvements throughout the day. Tha..[read more]

Lessons for Europe from the US Housing Recovery
Fri, 27 Feb 2015 20:04:47 GMT

Posted To: Community CommentaryIn our highly interconnected financial world, what happens in Europe, Greece, and Germany greatly affects our own bond and MBS markets . There has been much discussion back and forth of who is to blame for the Greek cri..[read more]

Construction Industry Optimism at 20-year High
Fri, 27 Feb 2015 19:39:57 GMT

Posted To: MND NewsWireWhile its ultimate focus is the future of the construction equipment business, Wells Fargo's Equipment Finance division has some predictions for residential construction as well. The company's 2015 Construction Industry Forecas..[read more]

MBS MID-DAY: Uneventful Month-End Session; Little Impact From Data
Fri, 27 Feb 2015 18:06:16 GMT

Posted To: MBS CommentaryThe last trading day of the month has managed to be a total let-down to anyone looking for excitement. In terms of doing no further harm , it's been just fine though--at least through mid-day. That wasn't necessarily ..[read more]

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