Frank Nothaft Quotes

Additionally, applications for home purchase were the highest ever recorded last week, according to the Mortgage Bankers Association, which also reported that refinancing activity reached almost 50 percent of applications over the same period. The housing industry continues to amaze us.

- Frank Nothaft

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A 5/1 hybrid ARM provides the consumer the comfort of knowing that the interest rate will be fixed over the first five years of the loan. However, the interest rate may jump as much as five percentage points on the fifth anniversary. - Frank Nothaft

Although mortgage rates slipped a little again this week, I do see rates trending upward over the year. - Frank Nothaft

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