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Frank Nothaft Quotes
«One reason why homeowners may be willing to increase the mortgage rate on their first-lien mortgage is because interest rates on most home-equity lines of credit have been pushed up again as the Fed increased short-term interest rates in January and March, which in turn pushed up the prime rate.»
Author: Frank Nothaft
«Although mortgage rates slipped a little again this week, I do see rates trending upward over the year.»
Author: Frank Nothaft
«As rates rise, housing sales will undoubtedly start to slow, but that slowdown will come from record levels. I think it safe to say that the housing industry will remain a formidable force in the national economy for the foreseeable future.»
Author: Frank Nothaft
«There is no doubt that low mortgage rates have been the driver of this phenomenal housing market.»
Author: Frank Nothaft
«As rates rise, housing sales will undoubtedly start to slow, but that slowdown will come from record levels.»
Author: Frank Nothaft
«New home sales hit a record in July while existing home sales were at the third highest level they have ever been. There is no doubt that low mortgage rates have been the driver of this phenomenal housing market.»
Author: Frank Nothaft
«This past week's increase in mortgage rates reflects market anxieties over inflationary pressures, energy price increases and slipping consumer confidence, ... Taken together these developments suggest less personal spending during the later quarter of the year and additional upward pressure on mortgage rates.»
Author: Frank Nothaft
«Market jitters about high energy costs and the spill over into other sectors of the economy have led to a decline in bond yields, which typically means lower mortgage rates,»
Author: Frank Nothaft
«And speculation that the Federal Reserve may soon take a break in raising short-term rates reduces upward pressure on long- and short-term interest rates.»
Author: Frank Nothaft
«As if all that wasn't enough, the devastation caused by Hurricane Katrina and the echo effects on future energy prices in the U.S. may mean that mortgages rates will fall even further in the coming days ahead.»
Author: Frank Nothaft
