Frank Nothaft Quotes

Looking ahead into the spring home buying season, we don't expect mortgage rates to rise too much or too quickly in the near term. As a result, housing activity should stay on track for a strong 2005.

- Frank Nothaft

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Spring | Buying | Season | Expect | Mortgage |

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Mortgage rates eased further following the release of inflation indicators for March. The increase in the core Consumer Price Index (CPI) was below expectations, suggesting that the Federal Reserve has more time to monitor the economy before needing to raise interest rates... This should keep mortgage rates low and affordable to many families. - Frank Nothaft

Financial markets currently are very inflation sensitive, putting upward pressure on mortgage rates... However, several economic indicators suggest that the economy isn't overheating and that inflation is relatively contained. - 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