Frank Nothaft Quotes

As we expected, mortgage rates moved upward a little in response to the current volatility in the financial markets. Economic reports are mixed, and this will keep mortgage rates bouncing up and down somewhat, probably for the rest of the year.

- Frank Nothaft

Tags

Expected | Mortgage | Rates | Moved | Upward |

comments powered by Disqus

Random

Additionally, applications for home purchase were the highest ever recorded last week, according to the Mortgage Bankers Association, which also reported that refinancing activity reached almost 50 percent of applications over the same period. The housing industry continues to amaze us. - Frank Nothaft

Continuing low rates will keep the housing industry abuzz. As a matter of fact, both new and existing housing sales figures in April are expected to come in at or near record levels. - Frank Nothaft

Although this past month's dramatic rise in mortgage rates is consistent with an economic recovery, it will take more than one month of strong employment gains to verify this recovery is sustainable. - Frank Nothaft