Speculation that the Fed will not raise interest rates any time soon should help restrain any upward pressure on mortgage rates.
More Quotes from Frank Nothaft:
Mortgage rates were relatively unchanged this week as the markets wait for the results of the upcoming Federal Reserve policy committee meeting.Frank Nothaft
However, as mortgage rates begin to trend upward we expect the rate of house price appreciation to begin to slow to perhaps seven or eight percent nationally this year.
Frank Nothaft
Anticipation that the Federal Reserve may well cut rates at its next meeting, combined with further weakness in certain sectors of the economy, caused interest rates to fall again.
Frank Nothaft
Anticipation of a 25-basis-point rate cut pushed mortgage rates downward in this week's survey, and we expect to see further downward drifts over the coming week or so as the market moves on the actual larger rate cut itself.
Frank Nothaft
The threat of higher inflation, as we all know, invariably leads to higher mortgage rates.
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
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