Sarah O'Shea Munoz, GRI, ABR, SFR
O'Shea Munoz Homes
101 N Oak Park Avenue
Oak Park, IL 60301
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Real Estate News
MBS RECAP: Longer Term Rates Fare Well, as Low Short-Term Rates Say Farewell
Thu, 30 Jul 2015 20:51:42 GMT

Posted To: MBS CommentaryAs of mid-July bond markets seem to have put their foot down with respect to the relationship between long and short term rates. With the economic recovery and global growth outlook still open to debate--not to mention with g..[read more]

Mortgage Rates Stay Steady After GDP
Thu, 30 Jul 2015 19:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were very close to unchanged despite market volatility surrounding the release of today's GDP figures. GDP can occasionally cause a significant response in mortgage rates, and that's especially true of the..[read more]

Wells Fargo pulls out of Marketing Agreements with Agents, Builders
Thu, 30 Jul 2015 18:10:33 GMT

Posted To: MND NewsWireWell Fargo Bank announced today that it will immediately begin winding down its marketing services and desk rental agreements with real estate firms, builders, and some other referral sources. Franklin Codel, executive vice pre..[read more]

Rental Housing a Growing Burden on Low Wage Earners
Thu, 30 Jul 2015 15:37:23 GMT

Posted To: MND NewsWireFinding an affordable place to rent within a reasonable distance of employment is becoming increasingly difficult according to Freddie Mac executive David Leopold. Leopold, writing in the company's Executive Perspectives blog s..[read more]

MBS MID-DAY: Just Barely Holding Gains After Volatile Morning
Thu, 30 Jul 2015 15:34:55 GMT

Posted To: MBS CommentaryBond markets came into the domestic session in slightly weaker territory owing largely to losses that occurred right at the start of the overnight session. 10yr yields were dragged up to 2.322 as Asian markets had their first..[read more]

Equity Acceleration Slows, Are Some Owners Cashing Out?
Thu, 30 Jul 2015 15:05:43 GMT

Posted To: MND NewsWireThe rich get richer? When it comes to equity that appears to be the case according to information released by RealtyTrac on Thursday. The company's U.S. Home Equity & Underwater Report shows an increase in the number of "equity..[read more]

CFPB's Latest Fine; JD Powers' Servicing Survey; Prospect Withdraws From MSA Biz
Thu, 30 Jul 2015 14:09:27 GMT

Posted To: Pipeline PressFun with government numbers: approximately 52.2 million people in the U.S. participated in major means-tested government assistance programs each month in 2012, according to a U.S. Census Bureau report . Right or left, Democr..[read more]

MBS Day Ahead: Important Day for The Shorter Term Trend
Thu, 30 Jul 2015 11:33:34 GMT

Posted To: MBS CommentaryThe direction of the trend in rates (or "bond markets") varies depending on the time frame in question. For instance, looking back to the 1980's, rates are still in an epic trend lower. That only really changes if we begi..[read more]

MBS RECAP: Fed Statement No Big Deal for Bonds
Wed, 29 Jul 2015 22:23:23 GMT

Posted To: MBS CommentaryThe Fed made a few token changes to its policy statement today, but as expected, no overtures for an impending rate hike. At least that wasn't the case superficially. If you want to get a bit philosophical with the Fed ve..[read more]

Mortgage Rates Barely Budge After Fed Announcement
Wed, 29 Jul 2015 21:10:00 GMT

Posted To: Mortgage Rate WatchMortgage rates had an exceptionally boring day despite the presence of the Fed Announcement. Major communications from the Fed (which include announcements, meeting minutes, and certain speeches) always have the potentia..[read more]

MBS MID-DAY: Under Modest Pressure Ahead of Fed
Wed, 29 Jul 2015 15:37:30 GMT

Posted To: MBS CommentaryBond markets have continued taking measured steps back from the strongest levels in nearly 3 weeks seen on Monday. So far, today's selling pressure has been roughly in line with yesterday's. This time, it's more a..[read more]

Wells Business Channel Rumor; Conventional Conforming Updates Never Cease
Wed, 29 Jul 2015 15:11:16 GMT

Posted To: Pipeline PressI ain't one that puts much creed into book learnin'. But somes, I'm guessin', do. The Mortgage Bankers Association will be offering a Path to Diversity & Inclusion Scholarship to eligible candidates looking to attend MBA Educ..[read more]

June sees Pull-Back in Pending Sales
Wed, 29 Jul 2015 14:13:36 GMT

Posted To: MND NewsWirePending home sales dipped slightly in June, ending five straight months of increases. The National Association of Realtors® (NAR) said today that pending sales were down 1.8 percent from May, a month that reached the highes..[read more]

Modest Uptick in Refinancing After Modest Drop in Rates
Wed, 29 Jul 2015 13:09:41 GMT

Posted To: MND NewsWirePerhaps consumers viewed the recent retreat in rates as their last chance to refinance before the Fed starts ratcheting up rates - maybe today, maybe in September, but mortgage applications, especially for refinancing, increase..[read more]

MBS Day Ahead: Last FOMC Meeting Before Rate Hike Becomes Real Risk
Wed, 29 Jul 2015 11:33:38 GMT

Posted To: MBS CommentaryAlthough Pending Home Sales will be out this morning at 10am, and although that's fairly interesting data in its own right, today's broader market focus will most assuredly be on the FOMC. Today's Fed announcement..[read more]

MBS RECAP: As Far as Down Days Go, Not Too Bad
Tue, 28 Jul 2015 21:43:24 GMT

Posted To: MBS CommentaryMBS ended the day in slightly weaker territory, and they did so in about the gentlest possible way . The domestic session began with trading levels in much weaker territory after Treasury yields rose somewhat significantly ov..[read more]

Mortgage Rates Finally Buck Trend
Tue, 28 Jul 2015 21:43:00 GMT

Posted To: Mortgage Rate WatchMortgage rates bucked the recent trend of steady, modest improvements to end just slightly higher today. That said, the move was just as small as most recent examples, and barely returns most lenders to last Friday's rat..[read more]

Homeownership Continues Dismal Decline; Rentals Soar
Tue, 28 Jul 2015 18:29:31 GMT

Posted To: MND NewsWireHomeownership declined yet again in the second quarter of 2015. The Census Bureau said that the national rate dropped from 63.7 percent in the first quarter to 63.4 percent in the second and was more than a point down from the ..[read more]

MBS MID-DAY: There's a Bright Side to Today's Bond Market Weakness
Tue, 28 Jul 2015 15:24:26 GMT

Posted To: MBS CommentaryBond markets pulled back overnight on a combination of global stock market stability and European data. Selling pressure remained this morning as corporate debt issuance is active. (That means that firms that were planning on..[read more]

Home Price Gains More Likely to Slow
Tue, 28 Jul 2015 14:42:12 GMT

Posted To: MND NewsWireHome price data from S&P Dow Jones Indices was mixed for May. All three of the Case-Shiller measures, the National Index and the 10-City and 20-City Composites increased from May 2014 but the year-over-year increases were about..[read more]

CFPB Personnel Moves; Why Millennial's Rent is the LO's Best Friend
Tue, 28 Jul 2015 14:29:34 GMT

Posted To: Pipeline PressFederal agencies have issued the final standards in regards to Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We will see more regulators and regulations as Section 342 mandates each fed..[read more]

MBS Day Ahead: Pull Back is Coming; Size Matters
Tue, 28 Jul 2015 11:33:25 GMT

Posted To: MBS CommentaryWhen bond markets have strung together as many winning days as they have recently (or even when they've seen this many consecutive days without any noticeable selling pressure) it's only a matter of time before they p..[read more]

MBS RECAP: For Steady Bond Rally, Reasons Shift, but Results Remain
Mon, 27 Jul 2015 21:48:27 GMT

Posted To: MBS CommentaryBond markets continued their recent trend of moderate improvement today. As has been more commonly the case, Treasuries outperformed MBS, but only slightly. Both were at their best levels since early July. As for motivations ..[read more]

Mortgage Rates Continue Pushing July Lows
Mon, 27 Jul 2015 20:48:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued modestly lower for the 5th straight day, further extending Friday's push to the lowest levels of July. Even so, most borrowers will see the same rates on lenders quotes, with the improvements in ..[read more]

More States, Metros Exceed Pre-Crash Price Peaks
Mon, 27 Jul 2015 17:10:56 GMT

Posted To: MND NewsWireAnother report shows home price values in May close to, if not exceeding, those prior to the housing crisis. The latest, from Black Knight Financial Services, shows that home prices in the U.S. increased by 1.1 percent from Apr..[read more]

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