Frank Nothaft Quotes

Home sales are very sensitive to mortgage rates.

- Frank Nothaft

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Sales | Sensitive | Mortgage | Rates |

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The Consumer Price Index released this week showed no decline, suggesting that the possibility of deflation is still low. Housing starts were stronger than expected, as were the leading indicators released today. All of these reports together could indicate the economy is ready to pick up growth. - Frank Nothaft

Our current economic forecast sees 30-year mortgage rates staying in their current and attractive range of six to seven percent for the rest of the year. - Frank Nothaft

Further, the Fed will release its policy statement next week, giving financial markets a better sense of what future actions the Fed may be contemplating. All of this will help determine where mortgage rates will be in the near future. - Frank Nothaft