Frank Nothaft
Frank Nothaft
action august board chance consumer current drifted federal further interest labor later likely market meets raise rates reserve slight slowing until
There is a slight chance the Federal Reserve Board will raise rates when it meets later this month, but with the current labor market and slowing consumer spending, it is more likely that it will take no action until August at the earliest. As a result, short-term interest rates, such as the one-year adjustable-rate mortgage, drifted further down this week.
albeit compared few likely modestly mortgage next rates rise
Long-term mortgage rates will more than likely rise over the next few months, albeit modestly compared to shorter-term rates.
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.
active alive confident continue expected great housing increase industry levels months mortgage november rates reached remain rose second seen since starts surprise three time
It was no great surprise that housing starts rose for the second time in three months since mortgage rates in November reached levels not seen since the mid-1960s. Since mortgage rates are not expected to increase significantly, we remain confident that the housing industry will continue to be alive and active well into 2003.
exceed forecast interest last percent rates six time
At this time last year, our forecast called for interest rates for 30-year fixed-rate mortgages to exceed six percent by this time this year,
based cause currently higher highest housing january market occurred rates starts week
That said, January housing starts were the highest in over 20 years, and that is based on higher rates than we are currently experiencing, ... All in all, the little run-up in rates that occurred this week will not be enough to cause a significant slowdown in current housing market activity.
concern consumer continued cut declining drop economy federal helped housing interest mortgage overall rates recent since spite support weakness year
The Federal Reserve's recent cut in interest rates and a continued concern over weakness in the overall economy contributed to another drop in mortgage rates this week. In spite of the slowdown in other sectors and a lessening of consumer confidence, declining mortgage rates since the first of the year have helped to support housing activity.
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.
causing currently due economic exactly focusing good market mortgage next pressure rates rebound recovery remains six strong volatility within
Currently the market is focusing on an anticipated economic recovery within the next six months. That focus put some upward pressure on mortgage rates this week, causing them to rise. There remains good volatility though, due to market speculation over exactly when and how strong the rebound will be.
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.
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.
activity holiday mortgage move rates week
There was little activity during this holiday week to move mortgage rates one way or another,
below direction drive mortgage move news percent rates reason second staying week
There was no news this week that would drive mortgage rates in one direction or the other. Therefore, mortgage rates didn't have much reason to move a lot, staying below 7 percent for the second week running.
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.