Worry about disinflation should now be tempered somewhat, but fear of inflation is still unwarranted. And that should keep mortgage rates from rising too quickly or steeply anytime in the near future.
More Quotes from Frank Nothaft:
The housing industry remains fundamentally fit as we move into the spring buying season.Frank Nothaft
Responding to a weak labor market report that showed November job growth to be far less than had been anticipated, long-term yields -- and that includes mortgage rates -- reversed last week's hike and fell to the previous week's level.
Frank Nothaft
Mortgage rates have fallen enough over the last few months that families who refinanced in 2001 are now able to do so again, ... Given the current low rates and the robust level of housing construction it appears the housing industry will continue to flourish well into the summer.
Frank Nothaft
Financial markets see inflation as being well managed by the Fed, and that allows long-term interest rates to remain low, with mortgage rates even falling a little more this week.
Frank Nothaft
Anticipation of a 25-basis-point rate cut pushed mortgage rates downward in this week's survey, and we expect to see further downward drifts over the coming week or so as the market moves on the actual larger rate cut itself.
Frank Nothaft
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