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Frank Nothaft 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. - Frank Nothaft

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Conflict | Iraq | Seemingly | Control | Financial |

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While we still expect mortgage rates to rise to perhaps as high as 6.50 percent by the end of the year, that escalation in rates will be gradual and restrained. - Frank Nothaft

Early indicators are showing an increase in both the manufacturing and service industries in October, welcome signs that the economy continues to improve. - Frank Nothaft

The general feeling in the market is that the economy may have bottomed out and recovery is in sight... It is just that sort of atmosphere that kept mortgage rates from falling last week. But if the economy begins to overheat and inflation becomes a threat once again, mortgage rates will almost certainly begin to rise in response. Currently, however, inflation is well contained and there is ample room for the economy to recover. - Frank Nothaft

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