Frank Nothaft Quotes

November's employment report was a letdown, and it brought mild disappointment to the financial markets, causing mortgage rates to recede. The lack of any job growth stalls the economic recovery and, in the long run, dampens the potential growth of the housing industry.

- Frank Nothaft

Tags

Employment | Report | Letdown | Brought | Mild |

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There is concern that the continued high level of energy costs may lead to inflation in other sectors of the economy. Fear of inflation leads to higher mortgage rates, like the ones we see this week. - Frank Nothaft

The most recent economic indicators ... showed that inflation is, indeed, being held in check. That news allowed long-term mortgage rates to drift a little lower. - 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