Frank Nothaft Quotes

There is a slight chance the Federal Reserve Board will raise rates when it meets later this month, but with the current labor market and slowing consumer spending, it is more likely that it will take no action until August at the earliest. As a result, short-term interest rates, such as the one-year adjustable-rate mortgage, drifted further down this week.

- Frank Nothaft

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

Looking for safety from the current uneasiness in domestic and foreign markets, nervous investors pumped their money into the U.S. Treasury bond market, causing yields to fall to record levels... Mortgage rates followed, also dropping to yet another historic low. - Frank Nothaft

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. - Frank Nothaft