Quotations
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Frank Nothaft Quotes
«Over the last few months, the interest rate difference between fixed-rate mortgages and adjustable rate mortgages (ARMs) has thinned. If this continues, ARMs may lose some appeal amongst homeowners in the coming months,»
Author: Frank Nothaft
«Treasury bond yields eased somewhat this week, causing long-term mortgage rates to drift a little lower from last week,»
Author: Frank Nothaft
«Meanwhile, housing starts took a breather in September, following the robust pace set in August.»
Author: Frank Nothaft
«Home sales are very sensitive to mortgage rates,»
Author: Frank Nothaft
«And with mortgage rates at their lowest level in six months, home sales should continue strong through the autumn months.»
Author: Frank Nothaft
«Overall, the economy remains supportive of both new and existing homes.»
Author: Frank Nothaft
«The slight increase in mortgage rates this week was due in large part to volatility in long-term bond yields,»
Author: Frank Nothaft
«The end result translates into higher long-term mortgage rates this week.»
Author: Frank Nothaft
«Adjustable-rate mortgages (ARMs) were more strongly affected by the latest Federal Reserve rate hike this week. However, mortgage rates continue to be extremely affordable and the outlook for the housing sector appears bright.»
Author: Frank Nothaft
«Because long-term mortgage rates are still well below the peak levels reached last May of this year, housing starts are currently exceeding expectations,»
Author: Frank Nothaft