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Frank Nothaft Quotes
«If it comes to pass that long-term Treasury yields are higher, that means that mortgage rates will become more expensive for consumers.»
Author: Frank Nothaft
«Our January forecast calls for a gradual rise in long-term rates throughout 2006, ending the year at about 6.5 percent for the 30-year fixed-rate mortgage, while relative rate differences with adjustable-rate mortgages will narrow.»
Author: Frank Nothaft
«I can't see how we can maintain double-digit house price growth nationwide like we have enjoyed.»
Author: Frank Nothaft
«Las Vegas generally runs above the national average in investor and second-home purchase activity. It's beginning to raise flags.»
Author: Frank Nothaft
«What will happen in Las Vegas? It's hard to say. The entertainment industry has been very strong and you've got large immigration and employment growth, well above the national average. So you have an increase in house prices, but it's related to the influx of new residents and job growth. But certainly that's a market that you should use some caution in the coming years.»
Author: Frank Nothaft
«A 5/1 hybrid ARM provides the consumer the comfort of knowing that the interest rate will be fixed over the first five years of the loan. However, the interest rate may jump as much as five percentage points on the fifth anniversary.»
Author: Frank Nothaft
«Over the last six weeks, long-term mortgage rates have dropped nearly a quarter of a percent in the face of little or no inflationary pressures.»
Author: Frank Nothaft
«Our outlook for the housing industry continues to be that mortgage rates will remain affordable for the rest of the year at least, keeping the industry alive and well into the foreseeable future.»
Author: Frank Nothaft
«Despite the gradual rise in mortgage rates over the last two months, housing starts were actually up in September highlighting the resiliency of the housing market, ... As a matter of fact, housing directly contributed to real GDP growth of 19 percent in the first quarter of the year and 23 percent in the second quarter.»
Author: Frank Nothaft
«Despite the gradual rise in mortgage rates over the last two months, housing starts were actually up in September, highlighting the resiliency of the housing market,»
Author: Frank Nothaft