Concern that long-term interest rates are too low and comments from Fed officials this week helped push mortgage rates higher this week,
More Quotes from Frank Nothaft:
And speculation that the Federal Reserve may soon take a break in raising short-term rates reduces upward pressure on long- and short-term interest rates.Frank Nothaft
Continued low mortgage rates open the housing market to a broader segment of the population and contribute to the on-going vitality in home sales. And, since mortgage rates are expected to remain low until the economy picks up more steam, the housing sector should stay active and healthy for some time to come.
Frank Nothaft
With mortgage rates low and consumer confidence high, Freddie Mac economists expect the housing market to remain strong in the months ahead.
Frank Nothaft
Going forward, homeowners wanting to use some of the equity in their homes for home improvement or other purposes will make up a larger portion of the refinance business.
Frank Nothaft
There was little activity during this holiday week to move mortgage rates one way or another,
Frank Nothaft
A tepid national economy has anchored mortgages rates to current low levels so far this year, ... However, according to the Federal Reserve's 'Beige book,' the housing industry is the only bright spot in the economy right now. That is primarily due to low mortgage rates.
Frank Nothaft
Readers Who Like This Quotation Also Like:
Raising a small child as a woman while travelling 10 months out of the year would, I believe, be something I would not be able or even want to do, although with the amazing example of Leila, I am no longer so sure.Lara St. John
No one can feel as the owner of the country and no one can feel excluded from the right of property. We must all suffer Colombia.
Alvaro Uribe Velez
Some of us learned in a school of philosophy which taught that all was for the common good and nothing for oneself and have never, in any case, regarded the pursuit of happiness as anything other than an aberration of the human spirit.
John Grierson