Frank Nothaft Quotes

The Producer Price Index (PPI) figures released today show an overall increase of 0.6 percent, but the core rose only a very modest 0.1 percent, indicating the actual rate of inflation is still very low... This good news points to a continuation of current affordable mortgage rates in the coming months.

- Frank Nothaft

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Producer | Price | Index | Figures | Released |

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Given the current economy, mortgage rates can only rise so much in a short period of time. - Frank Nothaft

Not only did the market get good news about September employment last week, but it was further bolstered by the upward revision of jobs in August... This inspired a little optimism in the market that we may have bottomed out as far as job losses are concerned. - Frank Nothaft

The Consumer Price Index released this week showed no decline, suggesting that the possibility of deflation is still low. Housing starts were stronger than expected, as were the leading indicators released today. All of these reports together could indicate the economy is ready to pick up growth. - Frank Nothaft