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Frank Nothaft Quotes

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

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Mortgage | Rates | Largely | Unchanged | Week |

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Over the past few weeks, financial markets have been gearing up for greater growth in the economy, which ultimately leads to higher inflation rates. As a result, mortgage rates increased for the second time this week. - Frank Nothaft

Over the last couple of years, we've seen many markets with strong home value appreciation. They're up at a considerable pace in many markets across the country, particularly from New England all the way down to Washington, D.C.... Home values are up in D.C., for example, by over 10 percent over the past year. That means families have built up home equity. - Frank Nothaft

Although inching upwards, the average 30-year fixed-rate mortgage rate for the month of July was lower than the annual averages since our survey began in 1971. - Frank Nothaft

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