Frank Nothaft Quotes

Low rates combined with the up-tick in consumer confidence are strong indications that the housing market will continue to prosper into the summer months.

- Frank Nothaft

Tags

Rates | Combined | Tick | Consumer | Confidence |

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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

The rise in mortgage rates stalled this week primarily because of rising tensions in other parts of the world, causing foreign investors to flee to the security of U.S. Treasuries. Consequently, yields remained mainly unchanged from last week, and so did long-term mortgage rates. - Frank Nothaft