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Frank Nothaft Quotes

The strength in employment growth and an unexpected jump in consumer credit in January helped push mortgage rates a little higher this week. While long-term interest rates are at the highest level since May of 1998, they are still very affordable, particularly when compared to the 1970s and 1980s. - Frank Nothaft

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Strength | Employment | Growth | Unexpected | Jump |

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Financial markets seem to have locked into this level of mortgage rates. There was very little movement either way this week. - Frank Nothaft

It is remarkable how mortgage rates have remained so low for so long. - Frank Nothaft

The Federal Reserve's recent cut in interest rates and a continued concern over weakness in the overall economy contributed to another drop in mortgage rates this week. In spite of the slowdown in other sectors and a lessening of consumer confidence, declining mortgage rates since the first of the year have helped to support housing activity. - Frank Nothaft

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