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Frank Nothaft Quotes
«With mortgage rates low and consumer confidence high, Freddie Mac economists expect the housing market to remain strong in the months ahead.»
Author: Frank Nothaft
«give the market better insight into whether the underlying core of inflation has picked up.»
Author: Frank Nothaft
«At this time last year, our forecast called for interest rates for 30-year fixed-rate mortgages to exceed six percent by this time this year,»
Author: Frank Nothaft
«Today's annual average mortgage rates are below even that projection thanks to the spring 'soft-patch' in economic growth.»
Author: Frank Nothaft
«Employment figures released recently, along with the information garnered in the Beige Book, support the market's notion that the economy is beginning to slow, reducing the immediate need for the Fed to take action when it meets later this month. Thus, there is no upward pressure on interest rates,»
Author: Frank Nothaft
«If Friday's Producer Price Index results and next week's Consumer Price Index results confirm that inflation remains under control, then we may even see mortgage rates go a little lower.»
Author: Frank Nothaft
«Mortgage rates fell this week as a result of the Consumer Confidence report , which hit a 4-1/2 year low. Lower confidence translates into slower consumer spending. Less spending means less growth, and less growth means less inflationary pressure, keeping mortgage rates affordable.»
Author: Frank Nothaft
«Continuing low mortgage rates are contributing to a healthy economic outlook for housing in the coming months,»
Author: Frank Nothaft
«they generally won't come down as much, because what the Fed controls is the overnight lending rate ... so the effect on a one-year rate will be less than the effect on an overnight rate.»
Author: Frank Nothaft
«Over the last couple of years, we've seen many markets with strong home value appreciation. They're up at a considerable pace in many markets across the country, particularly from New England all the way down to Washington, D.C., ... Home values are up in D.C., for example, by over 10 percent over the past year. That means families have built up home equity.»
Author: Frank Nothaft