Frank Nothaft Quotes
The market interpreted recently released retail sales figures as a sign that the economy may now be recovering faster than originally thought, bringing fear of inflation back into the picture... But the good news is that April's Consumer Price Index (CPI), which came out [Wednesday], indicates inflation remains under control. This should help keep mortgage rates stable for the foreseeable future. 
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Market | Interpreted | Released | Retail | Sales |
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The Federal Reserve's recent cut in interest rates and a continued concern over weakness in the overall economy contributed to another drop in mortgage rates this week. In spite of the slowdown in other sectors and a lessening of consumer confidence, declining mortgage rates since the first of the year have helped to support housing activity.
- Frank Nothaft
Mortgage rates have held at record low levels thereby reducing mortgage payments and making home buying affordable for a great number of families... Low rates have also kept the refinance market bustling and the reduced interest rate on mortgages gave homeowners about $100 more per month to spend or save.
- Frank Nothaft