Although mortgage rates will rise this year, we expect the 2005 annual average will be below levels recorded just three years ago.
More Quotes from Frank Nothaft:
However, a broader measure of inflation, the Consumer Price Index (CPI), posted a less-than-expected rise in inflation, causing bond yields to fall. This means that next week's survey results may retreat to prior levels of a week or two ago.Frank Nothaft
Long-term mortgage rates, which dropped again for the fifth consecutive week, remain low enough to keep refinancing activity a viable option for many. Not only can homeowners take some equity out of their home, many may also be able to lower their mortgage rate at the same time.
Frank Nothaft
Growing evidence that the economic growth rate is throttling back to sustainable levels is the main reason why mortgage rates softened this past week.
Frank Nothaft
The fixed-rate mortgage rates are lower this week than last as fears of inflation subsided somewhat. But rates are still higher than they were in April when we saw a slowdown in housing sales.
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.
Frank Nothaft
Readers Who Like This Quotation Also Like:
Every day you spend drifting away from your goals is a waste not only of that day, but also of the additional day it takes to regain lost ground.Ralph Marston
I usually try on at least 20 pairs of jeans before I find something that looks good on me. And even then, I have a trustworthy friend tell me if my butt looks big!
Amanda Peet
You know, even I have had work or ideas come through me from a source that I honestly cannot identify. And what is that thing? And how are we to relate to it in a way that will not make us lose our minds, but, in fact, might actually keep us sane?
Elizabeth Gilbert