Frank Nothaft Quotes
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. 
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Fixed | Rate | Mortgage | Rates | Week |
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As we expected, mortgage rates moved upward a little in response to the current volatility in the financial markets. Economic reports are mixed, and this will keep mortgage rates bouncing up and down somewhat, probably for the rest of the year.
- Frank Nothaft
This past week's increase in mortgage rates reflects market anxieties over inflationary pressures, energy price increases and slipping consumer confidence... Taken together these developments suggest less personal spending during the later quarter of the year and additional upward pressure on mortgage rates.
- Frank Nothaft