Frank Nothaft Quotes

While we still expect mortgage rates to rise to perhaps as high as 6.50 percent by the end of the year, that escalation in rates will be gradual and restrained.

- Frank Nothaft

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Expect | Mortgage | Rates | Rise | High |

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Quiet financial markets this week left mortgage rates low and almost unchanged from last week's figures. In the meantime, retail sales jumped in January and mortgage applications remained high. These are positive indications that the economy is in recovery mode. - Frank Nothaft

The recent upswing in mortgage rates does not seem to have slowed the new home construction market, if July's housing starts figures are any indication. - Frank Nothaft

However, today's Gross Domestic Product (GDP) figures show a robust growth rate of 5.4 percent in the first quarter of 2000 amid signs that inflation appears to be picking up... This means there is little doubt the Fed will increase short-term rates at its next FOMC meeting, which is bound to lead to higher mortgage rates in the near term and directly impact the housing economy. - Frank Nothaft