Our outlook for the housing industry continues to be that mortgage rates will remain affordable for the rest of the year at least, keeping the industry alive and well into the foreseeable future.
More Quotes from Frank Nothaft:
Our Primary Mortgage Market Survey results this week show mortgage rates slipping again, which will all but guarantee that the housing industry will continue at its robust pace and set yet again, another record for both new construction and overall home sales.Frank Nothaft
Despite the gradual rise in mortgage rates over the last two months, housing starts were actually up in September highlighting the resiliency of the housing market. As a matter of fact, housing directly contributed to real GDP growth of 19 percent in the first quarter of the year and 23 percent in the second quarter.
Frank Nothaft
Employment figures for February are due out tomorrow. The expectation is that over 100,000 much needed jobs will have been created last month and that will help sustain economic growth.
Frank Nothaft
At this time last year, our forecast called for interest rates for 30-year fixed-rate mortgages to exceed six percent by this time this year,
Frank Nothaft
Current economic indicators reflect a lackluster economy, and I think it's safe to say that financial markets will continue to experience volatility, at least until there is some resolution to the current situation in Iraq. Mortgage rates overall continue to be amazingly affordable, and that keeps the housing industry humming. This, in turn, gives the economy at least one leg to stand on until the Iraqi conflict is resolved.
Frank Nothaft
The most recent economic indicators ... showed that inflation is, indeed, being held in check. That news allowed long-term mortgage rates to drift a little lower.
Frank Nothaft
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce Quotes, Future QuotesI have to live for others and not for myself: that's middle-class morality.
George Bernard Shaw
Clinton took very tough decisions on the economy.
Sidney Blumenthal
During my Austin years, I was drawing a regular strip for the University Of Texas newspaper, going to school, delivering blood, and trying to change my approach and "style" as much as I could, since I knew that I'd calcify as I got older.
Chris Ware