The market was disappointed on the news of lower consumer confidence and lower orders for durable goods,
More Quotes from Frank Nothaft:
Mortgage rates eased further following the release of inflation indicators for March. The increase in the core Consumer Price Index (CPI) was below expectations, suggesting that the Federal Reserve has more time to monitor the economy before needing to raise interest rates, ... This should keep mortgage rates low and affordable to many families.Frank Nothaft
Market concerns over weak economic indicators and an increased risk of war in the Middle East pushed mortgage rates even lower this week. That and falling stock prices raised investors' appeal for U.S. Treasury bonds, which in turn allowed most interest rates to drift even lower.
Frank Nothaft
Over the last few months, the interest rate difference between fixed-rate mortgages and adjustable rate mortgages (ARMs) has thinned. If this continues, ARMs may lose some appeal amongst homeowners in the coming months,
Frank Nothaft
And speculation that the Federal Reserve may soon take a break in raising short-term rates reduces upward pressure on long- and short-term interest rates.
Frank Nothaft
Interest rates for long-term mortgages slipped lower this week due to some economic data releases that pointed towards more subdued inflation in the near term.
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
Readers Who Like This Quotation Also Like:
Based on Topics: Media & News QuotesReal happiness is cheap enough, yet how dearly we pay for its counterfeit.
Hosea Ballou
On the other hand, now that I'm not dependent on fiction for my income, I've been writing more short stories despite the fact that there's no real paying market for short horror other than Cemetery Dance.
George Stephen
If they analyze the situation as thoroughly as they should, Muslims will realize they are the first targets. What are the fundamentalists really after? Simply taking over Islam and then turning its back on modernity.
Alexander Haig