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Frank Nothaft Quotes

All eyes will be on the Fed for the next few months at least. How aggressive or how measured the coming rate hikes are will determine the future direction of both short- and long-term mortgage rates. - Frank Nothaft

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Eyes | Months | Aggressive | Measured | Coming |

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Mortgage rates were largely unchanged this week, amid a sobering December jobs report and growing tensions in the (Middle East) and the Korean peninsula. Disappointing retail sales, a struggling manufacturing sector, and mild business investment are all holding mortgage rates in the six-percent range. - Frank Nothaft

We had two months of really strong job increases and a third month would reassure markets and be a stabilizing factor. - Frank Nothaft

Mortgage rates have held at record low levels thereby reducing mortgage payments and making home buying affordable for a great number of families... Low rates have also kept the refinance market bustling and the reduced interest rate on mortgages gave homeowners about $100 more per month to spend or save. - Frank Nothaft

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