We may see a market reaction to the release of September employment numbers due out tomorrow. It could potentially alter the momentum of mortgage rate change in the near future.
More Quotes from Frank Nothaft:
Presently, all eyes are focused on next week's meeting of the FOMC Federal Open Market Committee. What the Fed decides and what it says at that time will surely have an impact on the future direction of mortgage rates,Frank Nothaft
Freddie Mac economists expect mortgage rates will fluctuate for the rest of the year, but shouldn't rise over six percent. And compared to last year's average of 6.5 percent, today's rates are still incredibly affordable.
Frank Nothaft
The recent rise in the Consumer Price Index spooked the financial market, pushing interest rates a little higher this week, ... The decline in housing starts, however, mitigated concern that the economy is growing to fast and led to confidence that the Fed's actions are having the desired results.
Frank Nothaft
I can't see how we can maintain double-digit house price growth nationwide like we have enjoyed.
Frank Nothaft
Corporate accounting concerns caused fierce investor buying of U.S. Treasury bonds, thereby lowering their yields. Other long-term interest rates followed suit in bringing fixed-rate mortgage rates within a slim margin of their 30-year record low set last November.
Frank Nothaft
Readers Who Like This Quotation Also Like:
Based on Topics: Future QuotesTo speak as the common people do, to think as wise men do is style.
Roger Ascham
Napoleon is a torrent which as yet we are unable to stem. Moscow will be the sponge that will suck him dry.
Mikhail Kutuzov
An America that inspires hope in its ideals must complement an America that inspires awe in its strength.
Adam Schiff