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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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

Looking ahead into the spring home buying season, we don't expect mortgage rates to rise too much or too quickly in the near term. As a result, housing activity should stay on track for a strong 2005. - Frank Nothaft

Presently, all eyes are focused on next week's meeting of the FOMC [Federal Open Market Committee]. What the Fed decides and what it says at that time will surely have an impact on the future direction of mortgage rates. - Frank Nothaft