Frank Nothaft Quotes



Tweet
Conflict | Iraq | Seemingly | Control | Financial |
comments powered by Disqus
Adjustable-rate mortgages (ARMs) were more strongly affected by the latest Federal Reserve rate hike this week. However, mortgage rates continue to be extremely affordable and the outlook for the housing sector appears bright.
- Frank Nothaft

The escalating tensions within the U.N. over the impending resolution on Iraq and dismal economic news this week sent the stock market tumbling and with it went bond and mortgage rates. The high volatility is likely to remain for a while. But since there are no upward pressures at the moment, any sustained rise in rates in highly unlikely.
- Frank Nothaft

In spite of the job losses caused by hurricanes Katrina and Rita, the employment report was better than had been expected. This indicates that economic growth is likely to accelerate in 2006. That acceleration of growth, coupled with the specter of higher energy costs, will translate into higher long-term mortgage rates in the coming months.
- Frank Nothaft
