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Frank Nothaft Quotes
«Mortgage rates rose again for the third consecutive week, bringing long-term rates to about the same levels we saw at the start of the year. This may start to apply the brakes to the frenzy of refinancing that we are currently experiencing.»
Author: Frank Nothaft
«Although mortgage rates have risen for the second week running, the long-term figures are still only about 50 basis points higher than they were at the start of the year. This may have slowed the refinance market a little, but refinancing continues to make up about half of all applications for mortgages, according to the Mortgage Bankers Association.»
Author: Frank Nothaft
«And although refinancing has fallen off somewhat, home buying activity remains vigorous, unfazed by market chatter that the end of the housing boom is near.»
Author: Frank Nothaft
«Mortgage rates remain low as the economy picks up steam allowing families a chance to purchase a new home or refinance if they haven't yet. With low prospects of inflation increasing anytime soon, mortgage rates should remain affordable over the first half of this year.»
Author: Frank Nothaft
«Markets remained tame while waiting for Federal Reserve Board Chairman Alan Greenspan's semi-annual testimony to House members about the state of the economy.»
Author: Frank Nothaft
«Greenspan led the markets to believe that the Fed's actions would be on hold until there was more than sufficient growth in the economy to warrant a change in monetary policy. In other words, there is still enough slack in the economy to leave rates at their current accommodative level for some months to come.»
Author: Frank Nothaft
«Despite strong signs of economic growth, the financial markets were nonplussed, leaving mortgage rates to hover around the same affordable level for yet another week.»
Author: Frank Nothaft
«Although new home sales fell in April, existing home sales rose to the second highest level on record as homebuyers rushed to close in the face of low, but surely rising, mortgage rates. Current mortgage rates are now a full point above where they were last year, and almost half a point higher than they were last month.»
Author: Frank Nothaft
«This week's easing off in mortgage rates is rooted in the market's wait-and-see posture with regard to the Federal Reserve Board's upcoming actions on interest rates.»
Author: Frank Nothaft
«August's 144,000-job gain, combined with a 41,000 upward revision for July, signaled a strengthening economy and helped push mortgage rates up slightly this week.»
Author: Frank Nothaft
