Frank Nothaft Quotes

2002 was and amazing year in the housing sector. The annual average for the 30-year fixed-rate mortgage rate this year was about 6.5 percent, the lowest annual average in more than 31 years. That was the primary factor that led to an incredible amount of home building, home sales, and refinancing, all of which helped keep the economy from another recession.

- Frank Nothaft

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2002 | Amazing | Year | Housing | Sector |

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And when inflation is thought to be in check, mortgage rates naturally drift downward as they did this week. - Frank Nothaft

As a matter of fact, low mortgage rates in August led to housing starts in that month that were the second highest in over two decades. - Frank Nothaft

Mortgage rates have been under 7 percent for the past eight weeks. During that time, mortgage applications for home purchases have continued to reach historically high levels, keeping home sales moving at a vibrant pace. - Frank Nothaft