Frank Nothaft Quotes
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. 
Tweet
Mortgage | Rates | Eased | Release | Inflation |
comments powered by Disqus
Although mortgage rates by and large are higher than they were at the start of the year, they've only risen about 1 percentage point since hitting a four-decade low in June of 2004.
- Frank Nothaft
The possibility that consumer spending will slow, given the current weakening level of consumer confidence, created an uneasy atmosphere in the financial markets. Combined with the growing possibility of a war with Iraq, new money flowed into the bond market, driving down yields and other interest rates. Mortgage rates were no exception.
- Frank Nothaft