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



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Real Estate News
Residential Construction Spending Remains Flat
Wed, 01 Mar 2017 16:03:25 GMT

Posted To: MND NewsWireConstruction spending had been expected to recover from the 0.2 percent loss it suffered in December. Analysts polled by Econoday were looking for an increase of 0.2 to 0.8 percent, with a consensus of a half-point gain. Instea..[read more]

What New Homeowners Regret The Most
Wed, 01 Mar 2017 14:57:49 GMT

Posted To: MND NewsWireSome homeowners aren't breaking out the champagne after they've closed on their new home purchase. Nearly half of the homeowners in a recent NerdWallet survey said that they would take a different approach toward buying if they..[read more]

Freddie Mac: Inflation and Rate Hikes Likely Already Baked-In
Wed, 01 Mar 2017 14:37:16 GMT

Posted To: MND NewsWireFreddie Mac's Insight forecast for February looks at reports that consumer price inflation is rising, and the ensuing debate over "whether or not we are shifting from a world of low consumer price inflation to one of moderate i..[read more]

Lender Disaster Updates; Investor SRP and LLPA Changes
Wed, 01 Mar 2017 14:02:36 GMT

Posted To: Pipeline PressThere is some rate and price at which a borrower and lender will meet, whether it is residential loans, commercial, personal, auto, etc. But apparently overall bank lending is slowing , a potential response to political uncer..[read more]

MBS Day Ahead: Weakness Extends Overnight, But Trump Isn't The Issue
Wed, 01 Mar 2017 13:21:41 GMT

Posted To: MBS CommentaryThere was a lot of build-up for last night's Trump speech. I won't tell you that it didn't turn out to be a market mover, but it wasn't nearly as potent as the anticipation would have suggested. Instead, the l..[read more]

Mortgage Apps Rise, But Refi Share Continues Retreat
Wed, 01 Mar 2017 12:40:34 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) said mortgage applications rose , on a seasonally adjusted basis, during the week ended February 24, although they fell in some categories without an adjustment. MBA's Market Composite Ind..[read more]

MBS RECAP: Fed Comments Tank Bonds in 9th Inning
Tue, 28 Feb 2017 23:38:14 GMT

Posted To: MBS CommentaryTreasuries and MBS made it almost all the way through the day with very little drama. There were some ups and downs, but by 4pm, trading levels were very close to 'unchanged' on the day. Then newswires hit from NY Fed..[read more]

Mortgage Rates Modestly Higher Ahead of Trump Speech
Tue, 28 Feb 2017 19:32:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher today in most cases, but not by much. More interesting is the fact that rates held their ground as well as they did considering several strong economic reports this morning. Strong economic da..[read more]

Spring Housing Already Overheating'Think 60 Offers on One House
Tue, 28 Feb 2017 17:07:32 GMT

Posted To: MND NewsWireThe spring housing market started early this year, not because of higher-than-average temperatures but because of hotter-than-average demand and overheating home prices. This year may be the starkest example of a post-recession..[read more]

Cash, Distressed Sales Closing in on "Normal"
Tue, 28 Feb 2017 15:11:44 GMT

Posted To: MND NewsWireThe end is near. CoreLogic said today that the market share of home sales accounted for by distressed properties may return to normal levels by the end of this year. This is about a half year earlier than the company had been p..[read more]

Black Knight's HPI Holds on to Late Year Gains
Tue, 28 Feb 2017 15:09:23 GMT

Posted To: MND NewsWireBlack Knight Financial Services reported on Monday that its Home Price Index posted another 5.7 percent annual increase in the national rate of appreciation. Over the course of 2016 prices rose on a year-over-year basis by an a..[read more]

Home Price Appreciation Highest in 30 Months -Case-Shiller
Tue, 28 Feb 2017 15:07:39 GMT

Posted To: MND NewsWireHome prices accelerated their growth again in December. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, rose by 5.8 percent compared to one year earlier. In Novemb..[read more]

Training and Events Ranging From Cybersecurity to Taking an App; ECOA Legal Opinion
Tue, 28 Feb 2017 14:46:41 GMT

Posted To: Pipeline PressThe last day of February, already? Wasn’t it just New Years? Time flies by, things progress. Yesterday the Chamber of Digital Commerce, the world’s largest trade association representing the blockchain industry, a..[read more]

MBS Day Ahead: More Econ Data and "Month-End," But Trump Speech Looms
Tue, 28 Feb 2017 13:30:16 GMT

Posted To: MBS CommentaryToday is the last day of February. 'Month-end' is different than other days for bond markets because it serves as a deadline for money managers to match their holdings with various indices. Long story short, when a pa..[read more]

MBS RECAP: Range Holds as Risk Appetite Returns
Mon, 27 Feb 2017 22:34:27 GMT

Posted To: MBS CommentarySeveral events helped get investors back in a riskier mood to begin the new week. Overnight reports of the "status quo" candidate polling better in the French election helped the momentum get underway. During domestic hours, ..[read more]

Mortgage Rates Slightly Higher
Mon, 27 Feb 2017 21:47:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved slightly higher after a strong run to the lowest levels of the year as of last Friday. In general, financial markets moved toward safer investments (like bonds) heading into the weekend. When demand ..[read more]

CoreLogic's Case For Improving Property Tax Estimates
Mon, 27 Feb 2017 15:36:12 GMT

Posted To: MND NewsWireThe Truth-in-Lending/RESPA (TRID) rules implemented in late 2015 have placed increased pressure on the accurate forecasting of estimation of non-mortgage related costs for the loan estimates that must be provided to borrowers. ..[read more]

Highest Home-Buying Demand in Years Stifled by Tight Inventory
Mon, 27 Feb 2017 15:24:50 GMT

Posted To: MND NewsWireTight inventories are again being blamed for a downturn in home sales, this time January's ones. The National Association of Realtor's® (NAR's) Pending Home Sale Index (PHSI) declined by 2.8 percent from December, reaching ..[read more]

Rent Trends Continue to Help Lenders; FHA and Ginnie Changes in the Marketplace
Mon, 27 Feb 2017 15:03:04 GMT

Posted To: Pipeline PressIf you’re a lender in only one state, just think about the state and federal regulations you must deal with, not to mention the investor or agency rules. If you’re a nationwide lender, you can grapple with 49 othe..[read more]

MBS Week Ahead: Decision Time For The Range as Data Ramps Up
Mon, 27 Feb 2017 13:31:49 GMT

Posted To: MBS CommentaryThe past 5 business days of bond market rallies brought yields right to the lower edge of 2017's range . We had been tracking these movements in terms of a "consolidation range" (i.e. converging lines connecting higher lo..[read more]

MBS RECAP: Bonds Briefly Touch 2017's Best Levels For No Apparent Reason
Fri, 24 Feb 2017 22:33:02 GMT

Posted To: MBS Commentary"For no apparent reason" is a bit of an overstatement. There are several plausible reasons that bonds could be rallying as well as they are at the moment-- not the least of which being the extent to which they sold off at the..[read more]

Mortgage Rates in Line With 2017 Lows
Fri, 24 Feb 2017 21:26:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower for 3rd straight day (and the 5th time in the past 6 days). That makes this the best winning streak of the year and it brings rates to the lowest levels of the year (matching February 8th and a..[read more]

New Home Sales Up Less Than Expected; Prices up 7.5% Annually
Fri, 24 Feb 2017 15:53:56 GMT

Posted To: MND NewsWireSales of newly constructed homes, had a strong start in 2016 but flattened out toward the end of the year and ended with a dismal December. Now 2017 has also started on a positive note. The Census Bureau and the Department of H..[read more]

Banks and Lenders Adjusting Business Models; Radian President to Retire; Upcoming Events
Fri, 24 Feb 2017 15:21:57 GMT

Posted To: Pipeline PressBoss: "Working hard here, Jimmy?" Jimmy: "Yep, ever since I heard you coming down the stairs!" Mortgage banks are working hard, but banks and other financial institutions have the inside track when it comes to offering other ..[read more]

MBS Day Ahead: Bonds Look to Challenge Consolidation Range with 6th Win in a Row
Fri, 24 Feb 2017 13:50:56 GMT

Posted To: MBS CommentaryBond markets are looking for their 6th straight victory today. Each of the past 5 days have seen yields end the day lower than they opened. While that's not quite as strong a showing as ending the day lower than the previ..[read more]

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