Amy Crews Cutts Quotes

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

- Amy Crews Cutts

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Acceleration | Growth | Rising | Energy | Costs |

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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

Lower figures for the recently released producer-price index and consumer-price index, and lower but still strong gross domestic product, combined with the seasonal slowdown in the housing market led to another decline in mortgage rates this week. - Amy Crews Cutts

Interest-only and option payment loans had been ways to afford homes in expensive markets. Now even, these products will no longer be attractive. That will impact affordability. - Amy Crews Cutts