Frank Nothaft Quotes
Mortgage rates can fluctuate from week to week depending on market conditions and expectations. That is probably what happened this week. Nonetheless, long-term mortgage rates are at about the same low level they were at this time last year. So it isn't surprising that the housing industry continues to thrive. 
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Mortgage | Rates | Fluctuate | Week | Depending |
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Presently, all eyes are focused on next week's meeting of the FOMC [Federal Open Market Committee]. What the Fed decides and what it says at that time will surely have an impact on the future direction of mortgage rates.
- Frank Nothaft
The general feeling in the market is that the economy may have bottomed out and recovery is in sight... It is just that sort of atmosphere that kept mortgage rates from falling last week. But if the economy begins to overheat and inflation becomes a threat once again, mortgage rates will almost certainly begin to rise in response. Currently, however, inflation is well contained and there is ample room for the economy to recover.
- Frank Nothaft