Frank Nothaft Quotes

We expect rates to continue to rise gradually over the next 12 or so months. Because the housing sector is so sensitive to fluctuations in interest rates, this will have the effect of returning the housing sector to a more normal pace of activity, by historical standards.

- Frank Nothaft

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Expect | Rates | Continue | Rise | Gradually |

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Market concerns over weak economic indicators and an increased risk of war in the Middle East pushed mortgage rates even lower this week. That and falling stock prices raised investors' appeal for U.S. Treasury bonds, which in turn allowed most interest rates to drift even lower. - Frank Nothaft

Last Friday's employment report showed unemployment down to a generational low of 4.2 percent, spurring concerns that the economy continues to grow too strongly. - Frank Nothaft

Further, the Fed will release its policy statement next week, giving financial markets a better sense of what future actions the Fed may be contemplating. All of this will help determine where mortgage rates will be in the near future. - Frank Nothaft