Frank Nothaft Quotes

Mortgage rates will likely continue at or below current levels in the coming weeks since we continue to see no change in inflation. In fact, today's release of the Producer Price Index showed the economy is growing with little sign of an inflation pick-up, which should calm some jitters.

- Frank Nothaft

Tags

Mortgage | Rates | Continue | Current | Levels |

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New records have been set in originations, refinancing, and housing starts over the last few years, highlighting the industry as a strong, functional segment of the economy... The Mortgage Bankers Association of America's applications for home purchase figures for last week hit an all-time record high, bolstering our prediction that 2003 will be yet another banner year for housing. - Frank Nothaft

There's no way we can sustain double-digit price appreciation year after year; it just can't happen. We're going to see a return back toward the normal pace. - Frank Nothaft

Gross domestic product numbers surprised everyone today, posting a much larger-than-expected increase and confirming the notion that the economy has finally turned the corner. - Frank Nothaft