Until the market gets a better read of how the economy performed at the end of last year and how the Fed interprets that information, interest rates will likely remain calm, ... And it should get that read when fourth-quarter Gross Domestic Product (GDP) is released tomorrow.
More Quotes from Frank Nothaft:
However, the resiliency of the housing sector continues to amaze, ... 2005 will be another banner year for the housing industry.Frank Nothaft
The general feeling in the market is that the economy may have bottomed out and recovery is in sight, ... It is just that sort of atmosphere that kept mortgage rates from falling last week. But if the economy begins to overheat and inflation becomes a threat once again, mortgage rates will almost certainly begin to rise in response. Currently, however, inflation is well contained and there is ample room for the economy to recover.
Frank Nothaft
Interest rates in general have been oscillating with every piece of economic news released lately,
Frank Nothaft
There is no doubt that low mortgage rates have been the driver of this phenomenal housing market.
Frank Nothaft
Mortgage rates moved up for the second week in a row on concerns about a pick up in inflation showing up in raw materials,
Frank Nothaft
Mortgage rates have been under 7 percent for the past eight weeks. During that time, mortgage applications for home purchases have continued to reach historically high levels, keeping home sales moving at a vibrant pace.
Frank Nothaft
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