Frank Nothaft Quotes

With the conflict in Iraq seemingly under control, the financial markets have shifted focus back onto the economy. Freddie Mac's most recent economic forecast recognizes that the first half of the year may be slower than originally thought, but that the second half will begin to pick up.

- Frank Nothaft

Tags

Conflict | Iraq | Seemingly | Control | Financial |

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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 minuscule rise in mortgage rates this week most likely reflects market expectations that the Federal Reserve will once again raise rates next week. - Frank Nothaft

Long-term mortgage rates will more than likely rise over the next few months, albeit modestly compared to shorter-term rates. - Frank Nothaft