Frank Nothaft Quotes
In the first quarter of 2006, it appears that economic growth picked up relative to the last three months of 2005. There is concern that the continued high level of energy cost may lead to inflation in other sectors of the economy. And fear of inflation leads to higher mortgage rates, like the ones we see this week. 
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Quarter | 2006 | Appears | Economic | Growth |
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However, the resiliency of the housing sector continues to amaze... 2005 will be another banner year for the housing industry.
- Frank Nothaft
With the conflict in Iraq seemingly under control, the financial markets have shifted focus back onto the economy. Freddie Mac's most recent economic forecast recognizes that the first half of the year may be slower than originally thought, but that the second half will begin to pick up.
- Frank Nothaft