Mortgage rates were relatively unchanged this week as the markets wait for the results of the upcoming Federal Reserve policy committee meeting.
More Quotes from Frank Nothaft:
Las Vegas generally runs above the national average in investor and second-home purchase activity. It's beginning to raise flags.Frank Nothaft
Bond yields have been creeping up on an almost daily basis since the beginning of October, pushing mortgage rates up as they go, ... Inflation remains low, however, and we expect that to continue into 2004 and beyond. And as long as it does, we won't see mortgage rates rising very dramatically.
Frank Nothaft
Although this past month's dramatic rise in mortgage rates is consistent with an economic recovery, it will take more than one month of strong employment gains to verify this recovery is sustainable.
Frank Nothaft
Given the current economy, mortgage rates can only rise so much in a short period of time,
Frank Nothaft
The recent increase in mortgage rates has given the housing market a slight breather from the frantic pace in lending that has been prevalent over the last few years.
Frank Nothaft
Currently the market is relatively stable while it looks to see if there are any remaining weak spots in the economy and, if so, what those spots might be. But, at the moment, there seems to be nothing that would indicate that anything that might seriously disrupt the market and cause mortgage rates to rise appreciably.
Frank Nothaft
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