We expect mortgage rates to gradually rise throughout the year. A stronger labor market, coupled with moderation in house price growth, means our outlook for overall housing conditions remains upbeat.
More Quotes from Frank Nothaft:
Mortgage rates drifted upward this week following the release of the Consumer and Producer Price Indexes for March, which came in at the upper end of market expectations for inflation.Frank Nothaft
People are feeling much more financially secure. Families who are more financially secure are much more likely to buy a big-ticket item, like a house.
Frank Nothaft
There is no doubt that low mortgage rates have been the driver of this phenomenal housing market.
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
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
When taken as a whole, this week's economic data point towards both low mortgage rates and a growing economy, both of which are good news for current homeowners looking to refinance and for families hoping to become homeowners.
Frank Nothaft
Readers Who Like This Quotation Also Like:
We're never so vulnerable than when we trust someone - but paradoxically, if we cannot trust, neither can we find love or joy.Walter Anderson
Money just draws flies.
Mahalia Jackson
I just love listening to the laughter.
Simon Pegg