Frank Nothaft Quotes on Media & News (6 Quotes)

News like that is good news for keeping long-term fixed-rate mortgage rates low since those are more sensitive to inflationary expectations.

Mortgage rates slipped this week on news that job creation in March came out much lower than had been expected,

The market was disappointed on the news of lower consumer confidence and lower orders for durable goods,

Mortgage interest rates were up this week on news that February employment figures suggested an economic upturn. That news, however, puts a bit of upward pressure on long-term mortgage rates.

The market interpreted recently released retail sales figures as a sign that the economy may now be recovering faster than originally thought, bringing fear of inflation back into the picture, ... But the good news is that April's Consumer Price Index (CPI), which came out Wednesday, indicates inflation remains under control. This should help keep mortgage rates stable for the foreseeable future.

News that wages grew faster than had been expected in October reinforced fears of inflation in the financial markets, and that bumped up interest rates again this week.