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Frank Nothaft Quotes
«Previous years pale in comparison.»
Author: Frank Nothaft
«On net, the latest economic news had little effect on mortgage rates this week. Our forecast calls for rates on 30-year fixed-rate mortgages to increase about one-quarter of a percentage point by the end of the year.»
Author: Frank Nothaft
«Stronger than expected gains in the manufacturing and service industries - coupled with higher labor costs - ignited inflation concerns, which led to the rise in mortgage rates this week.»
Author: Frank Nothaft
«Over the past five weeks, mortgage rates have remained within a narrow range of 0.1 percentage point around this week's averages.»
Author: Frank Nothaft
«Since the average time homes are on the market is near a three-year high, house price growth should slow to single-digit figures, which is consistent with historical periods.»
Author: Frank Nothaft
«We see no signs of a bursting bubble, but rather a return to a more normal pace of activity.»
Author: Frank Nothaft
«Consumer confidence slipped in February to the lowest reading in three months, but manufacturing activity appears to have strengthened last month. On net, the latest economic news had little effect on mortgage rates this week. Over the past five weeks, mortgage rates have remained within a narrow range of 0.1 percentage points around this week's averages. Our forecast calls for rates on 30-year fixed-rate mortgages to increase about one-quarter of a percentage point by the end of the year.»
Author: Frank Nothaft
«Financial markets, hedging against the potential build up in inflation, pushed mortgage rates higher last week. However, market indicators this week seemed to point to less of a threat of inflation, and that allowed rates to drift a little lower.»
Author: Frank Nothaft
«Those yields need to rise just a bit to attract capital from abroad.»
Author: Frank Nothaft
«This is a good sign that housing activity, although slowing from record levels set in the past few years, will continue to remain healthy this year.»
Author: Frank Nothaft