Amy Crews Cutts Quotes

Expecting job growth on the order of about 150,000 in December, financial markets were taken aback, to say the least, when those figures came in at only a thousand new jobs.

- Amy Crews Cutts

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Expecting | Growth | Order | December | Financial |

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Even with rising mortgage rates over the last four weeks, 30-year fixed-rate mortgage rates remain an historical bargain. To date, contract rates for these mortgages have been below 6 percent for 31 weeks in a row, and we don't expect these rates will rise very much above 6-1/4 percent by year end. - Amy Crews Cutts

Acceleration in U.S. growth and rising energy costs will likely translate into higher long-term [interest] rates. - Amy Crews Cutts

The bond markets got a little ahead of themselves, causing yields to rise too quickly over the past few weeks. This week saw a bit of a correction and mortgage rates fell for the first time in eight weeks. Continued volatility in financial markets, however, will keep rates teetering up and down for some time to come. - Amy Crews Cutts