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Frank Nothaft Quotes

Mortgage rates moved up for the second week in a row on concerns about a pick up in inflation showing up in raw materials. - Frank Nothaft

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Mortgage | Rates | Moved | Week | Concerns |

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Meanwhile, regional indicators of manufacturing have shown some improvement over the month, most notably in New York, another hopeful sign the economy is actually gaining additional strength. - Frank Nothaft

Stronger growth in the economy will invariably translate into higher mortgage rates in the future, particularly for ARM products. - Frank Nothaft

That said, housing starts -- although down a little from the month before -- were still remarkably strong in May with most of the decrease in overall construction coming from a drop off in multiunit building. - Frank Nothaft

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