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Letter "F" » Frank Nothaft Quotes
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«As a matter of fact, housing directly contributed to real GDP growth of 19 percent in the first quarter of the year and 23 percent in the second quarter, ... To put this in perspective, this would compare to 17 percent of real GDP growth over all of 2004.»
Author: 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,»
Author: Frank Nothaft
«Worry about disinflation should now be tempered somewhat, but fear of inflation is still unwarranted. And that should keep mortgage rates from rising too quickly or steeply anytime in the near future.»
Author: Frank Nothaft
«Existing home sales were up a little in March as mortgage rates eased from February's higher level,»
Author: Frank Nothaft
«However, today's Gross Domestic Product (GDP) figures show a robust growth rate of 5.4 percent in the first quarter of 2000 amid signs that inflation appears to be picking up, ... This means there is little doubt the Fed will increase short-term rates at its next FOMC meeting, which is bound to lead to higher mortgage rates in the near term and directly impact the housing economy.»
Author: Frank Nothaft
«Last Friday's employment report showed unemployment down to a generational low of 4.2 percent, spurring concerns that the economy continues to grow too strongly,»
Author: Frank Nothaft
«The Producer Price Index (PPI) figures released today show an overall increase of 0.6 percent, but the core rose only a very modest 0.1 percent, indicating the actual rate of inflation is still very low, ... This good news points to a continuation of current affordable mortgage rates in the coming months.»
Author: Frank Nothaft
«[It] has continued to creep up over time in reaction to the Fed's moves, ... The difference between the 30-year FRM and the 1-year ARM is only about 1-1/4 percent, the narrowest it has been since March of 1999, making the 30-year FRM more attractive.»
Author: Frank Nothaft
«The recent rise in the Consumer Price Index spooked the financial market, pushing interest rates a little higher this week, ... The decline in housing starts, however, mitigated concern that the economy is growing to fast and led to confidence that the Fed's actions are having the desired results.»
Author: Frank Nothaft
«The Fed's actions on Tuesday to raise overnight lending rates also worked to push mortgage rates higher this week, ... Because the Fed's action impacts short-term rates more than long-term, the largest effect was on ARMS, which rose significantly after the Fed announced its raise.»
Author: Frank Nothaft
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