Frank Nothaft Quotes

Although mortgage rates have risen for the second week running, the long-term figures are still only about 50 basis points higher than they were at the start of the year... This may have slowed the refinance market a little, but refinancing continues to make up about half of all applications for mortgages, according to the Mortgage Bankers Association.

- Frank Nothaft

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Mortgage | Rates | Risen | Week | Running |

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Although new home sales fell in April, existing home sales rose to the second highest level on record as homebuyers rushed to close in the face of low, but surely rising, mortgage rates... Current mortgage rates are now a full point above where they were last year, and almost half a point higher than they were last month. - Frank Nothaft

Mortgage rates moved up for the second week in a row on concerns about a pick up in inflation showing up in raw materials. - Frank Nothaft

Las Vegas generally runs above the national average in investor and second-home purchase activity. It's beginning to raise flags. - Frank Nothaft