Mortgage rates continued to set records. Interest rates remain the lowest in Freddie Mac history indeed, they are the lowest we have seen since 1967.
More Quotes from Frank Nothaft:
Mortgage rates eased even further this week in response to a setback in economic growth during June and possibly July,Frank Nothaft
Previous years pale in comparison.
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
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.
Frank Nothaft
Mortgage rates were largely unchanged this week, amid a sobering December jobs report and growing tensions in the (Middle East) and the Korean peninsula. Disappointing retail sales, a struggling manufacturing sector, and mild business investment are all holding mortgage rates in the six-percent range.
Frank Nothaft
Renewed concern over the threat of inflation pushed up long-term mortgage rates, while the most recent Fed statement caused short-term rates to float upwards,
Frank Nothaft
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