Frank Nothaft Quotes

Following the onset of the Iraqi conflict, financial markets seem to have an upward bias for mortgage rates. However, that's not to say that uncertainty has diminished in any large way, but that it has shifted to a different set of unknowns.

- Frank Nothaft

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Onset | Iraqi | Conflict | Financial | Markets |

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The recent upswing in mortgage rates does not seem to have slowed the new home construction market, if July's housing starts figures are any indication. - Frank Nothaft

The 1-year ARM responds more directly to movements by the Fed... And market chatter has it that the Fed will not only raise rates at the end of this month, but may do so consecutively throughout the rest of the year. - Frank Nothaft

However, today's Gross Domestic Product (GDP) figures show a robust growth rate of 5.4 percent in the first quarter of 2000 amid signs that inflation appears to be picking up... This means there is little doubt the Fed will increase short-term rates at its next FOMC meeting, which is bound to lead to higher mortgage rates in the near term and directly impact the housing economy. - Frank Nothaft