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Frank Nothaft Quotes

Additionally, applications for home purchase were the highest ever recorded last week, according to the Mortgage Bankers Association, which also reported that refinancing activity reached almost 50 percent of applications over the same period. The housing industry continues to amaze us. - Frank Nothaft

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Looking ahead into the spring home buying season, we don't expect mortgage rates to rise too much or too quickly in the near term. As a result, housing activity should stay on track for a strong 2005. - Frank Nothaft

Although mortgage rates by and large are higher than they were at the start of the year, they've only risen about 1 percentage point since hitting a four-decade low in June of 2004. - Frank Nothaft

Further, the Fed will release its policy statement next week, giving financial markets a better sense of what future actions the Fed may be contemplating. All of this will help determine where mortgage rates will be in the near future. - Frank Nothaft

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