Frank Nothaft Quotes

With the unemployment rate at a low of 4.3 percent and mortgage rates remaining at present affordable levels, we expect the housing market to continue to be strong into the coming months.

- Frank Nothaft

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Unemployment | Rate | Percent | Mortgage | Rates |

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Mortgage rates have held at record low levels thereby reducing mortgage payments and making home buying affordable for a great number of families... Low rates have also kept the refinance market bustling and the reduced interest rate on mortgages gave homeowners about $100 more per month to spend or save. - Frank Nothaft

Home sales are very sensitive to mortgage rates. - Frank Nothaft

That said, housing starts -- although down a little from the month before -- were still remarkably strong in May with most of the decrease in overall construction coming from a drop off in multiunit building. - Frank Nothaft