Last quote by Frank Nothaft
Refinance volume will decline with higher mortgage rates, and lenders generally will respond by applying the flexibility in underwriting guidelines to make loans to harder-to-qualify borrowers. As this occurs, we should observe our index signaling a gradual increase in default risk.feedback
Mar 22 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Frank Nothaft is associated, including November, wealth, and home. Most recently, Frank Nothaft has been quoted saying: “As of the end of 2016, the CoreLogic national index was 3.9 percent below the peak reached in April 2006. We expect our national index to rise 4.7 percent during 2017, which would put homes prices at a new nominal peak before the end of this year.” in the article Houses are the least affordable they've been in seven years: Here's why.
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Quotes by Frank Nothaft
Feb 07 2017
As of the end of 2016, the CoreLogic national index was 3.9 percent below the peak reached in April 2006. We expect our national index to rise 4.7 percent during 2017, which would put homes prices at a new nominal peak before the end of this year.feedback
Jan 04 2017
Last summer's very low mortgage rates sparked demand, and with for-sale inventories low, the result has been a pickup in home-price growth. With mortgage rates higher today and expected to rise even further in 2017, our national Home Price Index is expected to slow to 4.7 percent year over year by November, 2017.feedback
Nov 01 2016
Home-equity wealth has doubled during the last five years to $13 trillion, largely because of the recovery in home prices. Nationwide during the past year, the average gain in housing wealth was about $11,000 per homeowner, but with wide geographic variation.feedback
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