Frank Nothaft Quotes

29 Frank Nothaft quotes:

"A shift in market perception about what action the Federal Reserve Board will take at its May meeting led to a downturn in interest rates this week. Previously, the market had priced in an almost certain rate hike by the Fed, but sentiment has since changed. Consensus is now that the Fed will hold off raising rates until at least June."
Author: Nothaft Quotes Category: Action Quotes
"Treasury rates continued to drop this week to 45-year lows in anticipation that the Fed may cut rates given the continuous weakness in the economy and the absence of any inflationary pressures."
Author: Nothaft Quotes Category: Absence Quotes Anticipation Quotes
"Not surprisingly, the one-year ARM rose on the expectation that the Fed would raise rates once again when they met last week,"
"Mortgage rates slipped this week on news that job creation in March came out much lower than had been expected,"
Author: Nothaft Quotes Category: Creation Quotes
"November's employment report was a letdown, and it brought mild disappointment to the financial markets, causing mortgage rates to recede. The lack of any job growth stalls the economic recovery and, in the long run, dampens the potential growth of the housing industry."
"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."
"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."
"Over the past few weeks, financial markets have been gearing up for greater growth in the economy, which ultimately leads to higher inflation rates. As a result, mortgage rates increased for the second time this week."
"Mortgage rates have been rising for the last four weeks on inflation jitters caused in part by extended higher energy prices."
Author: Nothaft Quotes Category: Energy Quotes
"That acceleration of growth, coupled with the specter of higher energy costs, will translate into higher long-term mortgage rates in the coming months."
Author: Nothaft Quotes Category: Energy Quotes
"What will happen in Las Vegas? It's hard to say. The entertainment industry has been very strong and you've got large immigration and employment growth, well above the national average. So you have an increase in house prices, but it's related to the influx of new residents and job growth. But certainly that's a market that you should use some caution in the coming years."
"The Fed has been very successful in wringing inflation out of the expectations of investors, ... Today's (rate environment) feels very much like the mid-60s."
"Because of the current low interest rate environment, Freddie Mac economists expect that existing home sales figures will continue at a brisk pace of 4.8 to 4.9 million units in August and September."
"However, as mortgage rates begin to trend upward we expect the rate of house price appreciation to begin to slow to perhaps seven or eight percent nationally this year."
"There's no way we can sustain double-digit price appreciation year after year; it just can't happen. We're going to see a return back toward the normal pace."
"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."
Author: Nothaft Quotes Category: Fear Quotes
"Las Vegas generally runs above the national average in investor and second-home purchase activity. It's beginning to raise flags."
Author: Nothaft Quotes Category: Beginning Quotes
"With economic news continuing to point to a growing economy, the financial markets are beginning to think about the likelihood of inflation again. Not only that, but jobs creation, retail sales, and consumer prices jumped in March which buoyed market speculation that the Federal Reserve Board will raise rates sooner than expected. Add all that to the mix and mortgage rates were bound to rise this week."
Author: Nothaft Quotes Category: Beginning Quotes
"With the conflict in Iraq seemingly under control, the financial markets have shifted focus back onto the economy. Freddie Mac's most recent economic forecast recognizes that the first half of the year may be slower than originally thought, but that the second half will begin to pick up."
Author: Nothaft Quotes Category: Conflict Quotes
"Lack of uncertainty around the Iraq conflict caused bond market yields to reverse their downward spiral of recent weeks and mortgage rates followed in tandem. But there are other uncertainties about the length of the conflict and its impact on the economy that will influence mortgage rates in the weeks to come, so this rise in rates may be only temporary."
Author: Nothaft Quotes Category: Conflict Quotes

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