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Frank Nothaft Quotes
«The 1-year ARM continued to rise in reaction to the Federal Reserve's recent rate hike, ... This could lead to a slowdown in housing as homebuyers who would find the lower-rate ARM more appealing are priced out of the market.»
Author: Frank Nothaft
«The fixed-rate mortgage rates are lower this week than last as fears of inflation subsided somewhat, ... But rates are still higher than they were in April when we saw a slowdown in housing sales.»
Author: Frank Nothaft
«Recently released employment figures point solidly towards a slowdown in economic growth. That, in turn, alleviated upward pressure on interest rates, allowing mortgage rates to slip a little more,»
Author: Frank Nothaft
«Growing evidence that the economic growth rate is throttling back to sustainable levels is the main reason why mortgage rates softened this past week,»
Author: Frank Nothaft
«Low new home sales figures released yesterday support the idea that the Fed's actions to keep inflation under control are finally having the desired effect,»
Author: Frank Nothaft
«The Federal Reserve's recent cut in interest rates and a continued concern over weakness in the overall economy contributed to another drop in mortgage rates this week. In spite of the slowdown in other sectors and a lessening of consumer confidence, declining mortgage rates since the first of the year have helped to support housing activity,»
Author: Frank Nothaft
«Along with May's housing numbers, the newly released higher-than-expected leading economic indicators also point to a strong third quarter for housing,»
Author: Frank Nothaft
«The general feeling in the market is that the economy may have bottomed out and recovery is in sight, ... It is just that sort of atmosphere that kept mortgage rates from falling last week. But if the economy begins to overheat and inflation becomes a threat once again, mortgage rates will almost certainly begin to rise in response. Currently, however, inflation is well contained and there is ample room for the economy to recover.»
Author: Frank Nothaft
«Low mortgage rates and strong house appreciation boosted new and existing home sales as well as refinance activity (in 2001), leading to what was surely a record-breaking year for housing, ... Coming into the new year, there are some signs that the recession may have already run its course but no indications that inflation looms on the horizon. Thus mortgage rates remained almost unchanged this week.»
Author: Frank Nothaft
«In 2001, homeownership rose to an all-time record of 67.8 percent of the population, fueled by low mortgage rates, ... Last year, mortgage rates were low and stable, averaging 6.97 percent. And this year, forecasts are for much of the same.»
Author: Frank Nothaft