Quotations
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Frank Nothaft Quotes
«Over the past week, several high ranking Federal Reserve officials gave speeches indicating that inflation remains a non-event, ... One official even suggested the possibility that inflation might go even lower is more of an issue for the Fed at the moment. Consequently, the bond market rallied and this caused mortgage rates to fall.»
Author: Frank Nothaft
«Mortgage rates remain low as the economy picks up steam allowing families a chance to purchase a new home or refinance if they haven't yet, ... With low prospects of inflation increasing anytime soon, mortgage rates should remain affordable over the first half of this year.»
Author: Frank Nothaft
«Markets remained tame while waiting for Federal Reserve Board Chairman Alan Greenspan's semi-annual testimony to House members about the state of the economy,»
Author: Frank Nothaft
«Greenspan led the markets to believe that the Fed's actions would be on hold until there was more than sufficient growth in the economy to warrant a change in monetary policy, ... In other words, there is still enough slack in the economy to leave rates at their current accommodative level for some months to come.»
Author: Frank Nothaft
«There continues to be no sign of inflation on the horizon and, as a matter of fact, core inflation is at a generational low.»
Author: Frank Nothaft
«Despite strong signs of economic growth, the financial markets were nonplussed, leaving mortgage rates to hover around the same affordable level for yet another week,»
Author: Frank Nothaft
«Mortgage rates this week are barely above the generational low levels we saw in June of last year,»
Author: Frank Nothaft
«Low mortgage rates continue to fuel the housing market, making homeownership more attainable to a broader segment of families,»
Author: Frank Nothaft
«Although new home sales fell in April, existing home sales rose to the second highest level on record as homebuyers rushed to close in the face of low, but surely rising, mortgage rates, ... Current mortgage rates are now a full point above where they were last year, and almost half a point higher than they were last month.»
Author: Frank Nothaft
«This week's easing off in mortgage rates is rooted in the market's wait-and-see posture with regard to the Federal Reserve Board's upcoming actions on interest rates,»
Author: Frank Nothaft