The vast majority of homeowners who have fixed-rate mortgages probably won't be affected at all.
More Quotes from 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
Las Vegas generally runs above the national average in investor and second-home purchase activity. It's beginning to raise flags.
Frank Nothaft
Housing is poised for another exceptional year. Housing starts rebounded in March owing to record low rates and more seasonal weather, and we expect starts will remain at current levels for at least the next few months.
Frank Nothaft
Last week's Federal Reserve Board's policy statement led financial markets to expect that the economy should begin to pick up soon, and that caused bond yields to rise pretty steadily over the last number of days,
Frank Nothaft
August employment figures are due out tomorrow and those numbers will shed more light on the future financial strength or weakness of families. And that strength or weakness is a large part of what will drive the pace of the nation's economic growth.
Frank Nothaft
The average loan-to-value ratio after refinancing is still 70 percent.
Frank Nothaft
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