Frank Nothaft Quotes

Mortgage rates have been under 7 percent for the past eight weeks. During that time, mortgage applications for home purchases have continued to reach historically high levels, keeping home sales moving at a vibrant pace.

- Frank Nothaft

Tags

Mortgage | Rates | Percent | Weeks | Time |

comments powered by Disqus

Random

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

Last month's huge surge in employment figures reaffirmed market expectations that the Fed will move sooner now rather than later. - Frank Nothaft

Next week the policy committee of the Federal Reserve will meet and our expectation is that it will raise short-term rates by a quarter of a percent. However, we also don't see this increase as having a significant impact on long-term mortgage rates. - Frank Nothaft