Frank Nothaft Quotes

Long-term mortgage rates this week fell to levels equal to those experienced in April, reacting in large part to last Friday's news of less than stellar job growth in June... This is good news for those who are still house hunting, as lower rates mean more affordable housing.

- Frank Nothaft

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Long | Term | Mortgage | Rates | Week |

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Taken as a whole, there are few compelling reasons why mortgage rates should dramatically increase right now... In terms of the economy, retail sales, industrial production, and producer prices were all lower than expected in June. - Frank Nothaft

The 1-year ARM responds more directly to movements by the Fed... And market chatter has it that the Fed will not only raise rates at the end of this month, but may do so consecutively throughout the rest of the year. - Frank Nothaft

Existing home sales were up a little in March as mortgage rates eased from February's higher level. - Frank Nothaft