Frank Nothaft
Frank Nothaft
continues current economy expand housing inflation issue large lending low market mortgage rates recession remain signs
As the economy continues to show signs that the recession is ending, the housing market continues to expand thanks, in large part, to current low mortgage rates. And as long as inflation is not an issue in the economy, lending rates should remain around 7 percent.
confidence consumer fell growth hit keeping less lower means mortgage rates report result slower spending week year
Mortgage rates fell this week as a result of the Consumer Confidence report , which hit a 4-1/2 year low. Lower confidence translates into slower consumer spending. Less spending means less growth, and less growth means less inflationary pressure, keeping mortgage rates affordable.
continued interest lowest mac mortgage rates remain seen since
Mortgage rates continued to set records. Interest rates remain the lowest in Freddie Mac history; indeed, they are the lowest we have seen since 1967.
combined confidence consumer continue housing low market prosper rates strong summer
Low rates combined with the up-tick in consumer confidence are strong indications that the housing market will continue to prosper into the summer months,
confidence consumer economists expect housing low mac market months mortgage rates remain strong
With mortgage rates low and consumer confidence high, Freddie Mac economists expect the housing market to remain strong in the months ahead.
affordable coming continue expect housing low market mortgage percent present rate rates remaining strong
With the unemployment rate at a low of 4.3 percent and mortgage rates remaining at present affordable levels, we expect the housing market to continue to be strong into the coming months.
annual looks lowest matter mortgage rates register though
As a matter of fact, it looks as though 1998 will register the lowest annual mortgage rates in 30 years.
breaking current demand economy housing keeping low mortgage overall rates record
Current record breaking low mortgage rates are keeping demand for housing strong, even as the overall economy stumbles sluggishly into the first part of the new year.
continue fixed high housing key last level low mortgage past percent played rate rates role six witnessed
For the past six months, 30-year fixed rate mortgage rates have hovered between 6.75 percent and 7.25 percent. We continue to see a very low mortgage rate environment, and this has played a key role in the high level of housing construction we have witnessed over the last two quarters.
board change combined data economic elected factors federal future interest key mortgage negative painted picture pressures rates reserve slightly week
With productivity up and inflationary pressures muted, the Federal Reserve Board elected this week not to change a key short-term interest rate. Moreover, most other economic data releases, such as unemployment and manufacturing, painted a slightly negative picture for future economic growth. These factors combined to keep mortgage rates stable.
add confident core data drop economic fact fed feeling financial inflation less markets mortgage raise rates recent shows time
Financial markets are feeling more confident that the Fed will not raise rates any time soon. Add to that the fact that recent economic data shows core inflation is less than the market expects, and we see mortgage rates drop once again.
both dropping existing home housing july june levels sales somewhat starts took
Both existing home sales in June and housing starts in July took a breather, dropping to somewhat more sustainable levels of activity,
almost basis beginning bond continue creeping daily expect inflation mortgage pushing rates remains rising since yields
Bond yields have been creeping up on an almost daily basis since the beginning of October, pushing mortgage rates up as they go, ... Inflation remains low, however, and we expect that to continue into 2004 and beyond. And as long as it does, we won't see mortgage rates rising very dramatically.
discern economy fairly financial growing growth markets mortgage quickly rates remained stable tried week
Mortgage rates remained fairly stable this week as the financial markets tried to discern just how quickly the economy is growing and how sustainable that growth will be.