Frank Nothaft Quotes on Future (12 Quotes)

Given that mortgage rates aren't expected to move to much in either direction any time soon, we fully expect the housing market will continue to thrive well into the foreseeable future.

We may see a market reaction to the release of September employment numbers due out tomorrow. It could potentially alter the momentum of mortgage rate change in the near future.

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.

Although we anticipate a moderation in the housing sector at some future point, with the economy picking up steam and mortgage rates still low by historical standards, the housing market will remain buoyant for at least the rest of the year.

Worry about disinflation should now be tempered somewhat, but fear of inflation is still unwarranted. And that should keep mortgage rates from rising too quickly or steeply anytime in the near future.

Presently, all eyes are focused on next week's meeting of the FOMC Federal Open Market Committee. What the Fed decides and what it says at that time will surely have an impact on the future direction of mortgage rates,

August employment figures are due out tomorrow and those numbers will shed more light on the future financial strength or weakness of families. And that strength or weakness is a large part of what will drive the pace of the nation's economic growth.

The market interpreted recently released retail sales figures as a sign that the economy may now be recovering faster than originally thought, bringing fear of inflation back into the picture, ... But the good news is that April's Consumer Price Index (CPI), which came out Wednesday, indicates inflation remains under control. This should help keep mortgage rates stable for the foreseeable future.

Further, the Fed will release its policy statement next week, giving financial markets a better sense of what future actions the Fed may be contemplating. All of this will help determine where mortgage rates will be in the near future.

There were further signs this week that the economy may be finally taking a turn for the better, ... Evidence of this change in momentum can be seen in the Fed's remarks yesterday that it was taking a neutral bias in terms of future intervention.

Additionally, the Federal Reserve Board appears to be on target in quelling any future surges in inflation.

As if all that wasn't enough, the devastation caused by Hurricane Katrina and the echo effects on future energy prices in the U. S. may mean that mortgages rates will fall even further in the coming days ahead.