Long-term interest rates were little changed headed into Fed Chairman Greenspan's testimonies to Congress this week,
More Quotes from Frank Nothaft:
Mortgage rates have fallen enough over the last few months that families who refinanced in 2001 are now able to do so again, ... Given the current low rates and the robust level of housing construction it appears the housing industry will continue to flourish well into the summer.Frank Nothaft
With still little or no threat of inflation to be found, long-term mortgage rates this week had some breathing room and that allowed rates to drift a little lower,
Frank Nothaft
Continuing low rates will keep the housing industry abuzz. As a matter of fact, both new and existing housing sales figures in April are expected to come in at or near record levels.
Frank Nothaft
Short-term rates, though, may be another matter, since the Federal Reserve is expected to continue raising its target for the federal funds rate at least a few more times this year.
Frank Nothaft
However, today's Gross Domestic Product (GDP) figures show a robust growth rate of 5.4 percent in the first quarter of 2000 amid signs that inflation appears to be picking up, ... This means there is little doubt the Fed will increase short-term rates at
Frank Nothaft
People are feeling much more financially secure. Families who are more financially secure are much more likely to buy a big-ticket item, like a house.
Frank Nothaft
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