Low mortgage rates and strong house appreciation boosted new and existing home sales as well as refinance activity (in 2001), leading to what was surely a record-breaking year for housing, ... Coming into the new year, there are some signs that the recession may have already run its course but no indications that inflation looms on the horizon. Thus mortgage rates remained almost unchanged this week.
More Quotes from Frank Nothaft:
As mortgage rates drift upward, we expect to see some moderation in housing activity.Frank Nothaft
Additionally, applications for home purchase were the highest ever recorded last week, according to the Mortgage Bankers Association, which also reported that refinancing activity reached almost 50 percent of applications over the same period. The housing industry continues to amaze us.
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
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.
Frank Nothaft
Currently, for new mortgages, all ARM products make up about one-third of the market.
Frank Nothaft
Lower oil prices at least compared to the last several months have helped to alleviate some of the inflation fears that the market has been experiencing lately.
Frank Nothaft
Readers Who Like This Quotation Also Like:
Based on Topics: Leading & Managing Quotes, Sign & Symbol QuotesBased on Keywords: boosted, looms, record-breaking, refinance
In my own area, Hood Canal, we are working with the USGS on dealing with this oxygenation problem.
Norm Dicks
Never use the word 'audience.' The very idea of a public, unless the poet is writing for money, seems wrong to me. Poets don't have an 'audience'. They're talking to a single person all the time.
Robert Graves
For the entire state of Georgia, having the premiere of Gone With the Wind on home ground was like winning the Battle of Atlanta 75 years late.
Anne Edwards