Frank Nothaft Quotes

Mortgage rates will surely fluctuate in the weeks and months ahead, but the trend now is for higher rates over the long run.

- Frank Nothaft

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Mortgage | Rates | Surely | Fluctuate | Weeks |

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Mortgage rates are in a holding pattern right now as the country tries to smooth out the knots in the economy. Low rates are a real boost to an already thriving housing market... Over the last few months, the number of mortgage applications for home purchase has averaged near record levels...which suggests no immediate slowdown in housing anytime soon. - Frank Nothaft

Core Consumer Price Index (CPI) released this week came in lower than had been expected, which led the market to believe that the Fed has further room to take a pause in raising rates and this has kept financial markets fairly quiet this week. - Frank Nothaft

Stronger than expected gains in the manufacturing and service industries - coupled with higher labor costs - ignited inflation concerns, which led to the rise in mortgage rates this week. - Frank Nothaft