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Frank Nothaft Quotes
«Responding to a weak labor market report that showed November job growth to be far less than had been anticipated, long-term yields -- and that includes mortgage rates -- reversed last week's hike and fell to the previous week's level.»
Author: Frank Nothaft
«However, many other indicators remain strong and this we think will lead the Federal Open Market Committee to raise short-term rates another quarter point to a target of 2-1/4 percent, putting upward pressure on frequently adjusting ARMs.»
Author: Frank Nothaft
«The Commerce Department report on housing starts showed a considerable drop in starts in November. However, with December's mortgage rates continuing to dip even further, we expect housing starts will bounce back fairly quickly.»
Author: Frank Nothaft
«Financial markets see inflation as being well managed by the Fed, and that allows long-term interest rates to remain low, with mortgage rates even falling a little more this week.»
Author: Frank Nothaft
«Further, the Fed will release its policy statement next week, giving financial markets a better sense of what future actions the Fed may be contemplating. All of this will help determine where mortgage rates will be in the near future.»
Author: Frank Nothaft
«Not surprisingly, the one-year ARM rose on the expectation that the Fed would raise rates once again when they met last week,»
Author: Frank Nothaft
«Mixed economic indicators can push the market up or down, depending on the timing of the release, and that's what we saw happen this week,»
Author: Frank Nothaft
«Mortgage rates moved up for the second week in a row on concerns about a pick up in inflation showing up in raw materials,»
Author: Frank Nothaft
«Concern that long-term interest rates are too low and comments from Fed officials this week helped push mortgage rates higher this week,»
Author: Frank Nothaft
«However, as mortgage rates begin to trend upward we expect the rate of house price appreciation to begin to slow to perhaps seven or eight percent nationally this year.»
Author: Frank Nothaft
