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Frank Nothaft Quotes
«Obviously, refinancing is going to take the biggest hit as mortgage rates tick up, ... Refinancing comprised about 40% or more of the total volume of mortgage originations over the last 13 months.?This share, however, will lessen as mortgage rates continue to rise.»
Author: Frank Nothaft
«Going forward, homeowners wanting to use some of the equity in their homes for home improvement or other purposes will make up a larger portion of the refinance business.»
Author: Frank Nothaft
«The average loan-to-value ratio after refinancing is still 70 percent.»
Author: Frank Nothaft
«Despite the gradual rise in mortgage rates over the last two months, housing starts were actually up in September highlighting the resiliency of the housing market. As a matter of fact, housing directly contributed to real GDP growth of 19 percent in the first quarter of the year and 23 percent in the second quarter.»
Author: Frank Nothaft
«Despite the gradual rise in mortgage rates over the last two months, housing starts were actually up in September, highlighting the resiliency of the housing market.»
Author: Frank Nothaft
«As a matter of fact, housing directly contributed to real GDP growth of 19 percent in the first quarter of the year and 23 percent in the second quarter. To put this in perspective, this would compare to 17 percent of real GDP growth over all of 2004.»
Author: Frank Nothaft
«That said, housing starts -- although down a little from the month before -- were still remarkably strong in May with most of the decrease in overall construction coming from a drop off in multiunit building.»
Author: Frank Nothaft
«Existing home sales were up a little in March as mortgage rates eased from February's higher level.»
Author: Frank Nothaft
«However, today's Gross Domestic Product (GDP) figures show a robust growth rate of 5.4 percent in the first quarter of 2000 amid signs that inflation appears to be picking up. This means there is little doubt the Fed will increase short-term rates at its next FOMC meeting, which is bound to lead to higher mortgage rates in the near term and directly impact the housing economy.»
Author: Frank Nothaft
«The Producer Price Index (PPI) figures released today show an overall increase of 0.6 percent, but the core rose only a very modest 0.1 percent, indicating the actual rate of inflation is still very low. This good news points to a continuation of current affordable mortgage rates in the coming months.»
Author: Frank Nothaft