Frank Nothaft Quotes

Taking into consideration the fact that mortgage rates have fallen from the earlier peak at the end of March, we have lowered our forecast for long-term rates. We now expect that the 30-year fixed-rate mortgage rates will likely end up somewhere between 5.9 percent and 6.2 percent by the end of this year.

- Frank Nothaft

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Consideration | Fact | Mortgage | Rates | Fallen |

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In the first quarter of 2006, it appears that economic growth picked up relative to the last three months of 2005. There is concern that the continued high level of energy cost may lead to inflation in other sectors of the economy. And fear of inflation leads to higher mortgage rates, like the ones we see this week. - Frank Nothaft

Mortgage rates have been so low and accommodating that total home sales surged in October as families took advantage of the affordable atmosphere. - Frank Nothaft

Greenspan led the markets to believe that the Fed's actions would be on hold until there was more than sufficient growth in the economy to warrant a change in monetary policy... In other words, there is still enough slack in the economy to leave rates at their current accommodative level for some months to come. - Frank Nothaft