Frank Nothaft Quotes

However, a broader measure of inflation, the Consumer Price Index (CPI), posted a less-than-expected rise in inflation, causing bond yields to fall. This means that next week's survey results may retreat to prior levels of a week or two ago.

- Frank Nothaft

Tags

Broader | Measure | Inflation | Consumer | Price |

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Release of the May Federal Open Market Committee (FOMC) minutes the week reinforced the notion that inflation in the economy in the first three months of the year was contained and upward price pressure in the near-term seems unlikely. - Frank Nothaft

When taken as a whole, this week's economic data point towards both low mortgage rates and a growing economy, both of which are good news for current homeowners looking to refinance and for families hoping to become homeowners. - Frank Nothaft

The end result translates into higher long-term mortgage rates this week. - Frank Nothaft