Quotations
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Frank Nothaft Quotes
«With mortgage rates continuing to slip, a new wave of refinancing has appeared. According to the Mortgage Bankers Association of America, applications for refinance jumped 15 percent last week, near the record high set in March. And according to Freddie Mac's quarterly refinance review, the average age of a refinanced loan fell to 1.9 years in the first quarter of this year.»
Author: Frank Nothaft
«There were further signs this week that the economy may be finally taking a turn for the better, ... Evidence of this change in momentum can be seen in the Fed's remarks yesterday that it was taking a neutral bias in terms of future intervention.»
Author: Frank Nothaft
«Last week's Federal Reserve Board's policy statement led financial markets to expect that the economy should begin to pick up soon, and that caused bond yields to rise pretty steadily over the last number of days,»
Author: Frank Nothaft
«Although mortgage rates rose this week, they are still about one percent lower than they were at this time last year, which has led to the current frenzy of refinancing,»
Author: Frank Nothaft
«Mortgage rates rose again for the third consecutive week, bringing long-term rates to about the same levels we saw at the start of the year, ... This may start to apply the brakes to the frenzy of refinancing that we are currently experiencing.»
Author: Frank Nothaft
«The recent upswing in mortgage rates does not seem to have slowed the new home construction market, if July's housing starts figures are any indication,»
Author: Frank Nothaft
«Although mortgage rates have risen for the second week running, the long-term figures are still only about 50 basis points higher than they were at the start of the year, ... This may have slowed the refinance market a little, but refinancing continues to make up about half of all applications for mortgages, according to the Mortgage Bankers Association.»
Author: Frank Nothaft
«And although refinancing has fallen off somewhat, home buying activity remains vigorous, unfazed by market chatter that the end of the housing boom is near,»
Author: Frank Nothaft
«Plummeting consumer confidence in September led markets to believe that the lack of job growth is wearing on the economy,»
Author: Frank Nothaft
«Not only did the market get good news about September employment last week, but it was further bolstered by the upward revision of jobs in August, ... This inspired a little optimism in the market that we may have bottomed out as far as job losses are concerned.»
Author: Frank Nothaft