Frank Nothaft Quotes

Along with May's housing numbers, the newly released higher-than-expected leading economic indicators also point to a strong third quarter for housing. - Frank Nothaft

All indications are that mortgage rates will continue to be very affordable in the coming year. - Frank Nothaft

All eyes will be on the Fed for the next few months at least. How aggressive or how measured the coming rate hikes are will determine the future direction of both short- and long-term mortgage rates. - 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. - Frank Nothaft

Additionally, the Federal Reserve Board appears to be on target in quelling any future surges in inflation. - Frank Nothaft

Additionally, applications for home purchase were the highest ever recorded last week, according to the Mortgage Bankers Association, which also reported that refinancing activity reached almost 50 percent of applications over the same period. The housing industry continues to amaze us. - Frank Nothaft

Additional economic indicators this week confirmed that June was a weak month for the nation as a whole. Consequently, the upward pressure on interest rates eased, allowing mortgage rates to return to earlier, lower levels. - Frank Nothaft

A tepid national economy has anchored mortgages rates to current low levels so far this year... However, according to the Federal Reserve's 'Beige book,' the housing industry is the only bright spot in the economy right now. That is primarily due to low mortgage rates. - Frank Nothaft

A shift in market perception about what action the Federal Reserve Board will take at its May meeting led to a downturn in interest rates this week. Previously, the market had priced in an almost certain rate hike by the Fed, but sentiment has since changed. Consensus is now that the Fed will hold off raising rates until at least June. - Frank Nothaft

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