Quotations
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Frank Nothaft Quotes
«And when inflation is thought to be in check, mortgage rates naturally drift downward as they did this week.»
Author: Frank Nothaft
«According to the Mortgage Bankers Association, purchase applications hit a record high last week, and this can be directly attributed to continuing low mortgage rates.»
Author: Frank Nothaft
«The bond market isn't exactly sure how fast or slow the economy will expand in the long term and thus bond yields have remained remarkable low. Hence, we expect mortgage rates to remain relatively low for the time being,»
Author: Frank Nothaft
«It is remarkable how mortgage rates have remained so low for so long,»
Author: Frank Nothaft
«The Fed has been very successful in wringing inflation out of the expectations of investors, ... Today's (rate environment) feels very much like the mid-60s.»
Author: Frank Nothaft
«The May employment report came in at less than half of what was expected last month, which pushed bond yields -- and mortgage rates -- down further,»
Author: Frank Nothaft
«Taking into consideration the fact that mortgage rates have fallen from the earlier peak at the end of March, we have lowered our forecast for long-term rates. We now expect that the 30-year fixed-rate mortgage rates will likely end up somewhere between 5.9 percent and 6.2 percent by the end of this year.»
Author: Frank Nothaft
«Although the 30-year mortgage rate ticked up this week, which wasn't completely unexpected, it is still below last year's annual average and well below where it was at this time last year,»
Author: Frank Nothaft
«Existing home sales in May were at the second highest level ever recorded, suggesting the housing market still has a good head of steam,»
Author: Frank Nothaft
«Given that mortgage rates aren't expected to move to much in either direction any time soon, we fully expect the housing market will continue to thrive well into the foreseeable future.»
Author: Frank Nothaft