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Frank Nothaft Quotes
«Financial markets seem to have locked into this level of mortgage rates. There was very little movement either way this week.»
Author: Frank Nothaft
«Employment figures for February are due out tomorrow. The expectation is that over 100,000 much needed jobs will have been created last month and that will help sustain economic growth.»
Author: Frank Nothaft
«As we had predicted earlier in the month, interest rates for 30-year fixed-rate mortgages edged closer to last year's record low figures. For the year as a whole, we expect long-term rates may be even lower annually than they were in 2003.»
Author: Frank Nothaft
«In advance of what is hoped will be a strong jobs report tomorrow, bond yields rose this week and, predictably, so did mortgage rates,»
Author: Frank Nothaft
«With economic news continuing to point to a growing economy, the financial markets are beginning to think about the likelihood of inflation again. Not only that, but jobs creation, retail sales, and consumer prices jumped in March which buoyed market speculation that the Federal Reserve Board will raise rates sooner than expected. Add all that to the mix and mortgage rates were bound to rise this week.»
Author: 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.»
Author: Frank Nothaft
«The rise in mortgage rates stalled this week primarily because of rising tensions in other parts of the world, causing foreign investors to flee to the security of U.S. Treasuries. Consequently, yields remained mainly unchanged from last week, and so did long-term mortgage rates.»
Author: Frank Nothaft
«Financial markets are in limbo at the moment, waiting primarily on tomorrow's jobs report for an indication that the growth in the economy is sustainable,»
Author: Frank Nothaft
«We had two months of really strong job increases and a third month would reassure markets and be a stabilizing factor.»
Author: Frank Nothaft
«Currently, for new mortgages, all ARM products make up about one-third of the market.»
Author: Frank Nothaft