24 Quotes by Amy Cutts

We are starting to see a little bit of a slowdown in the enthusiasm for housing as an investment.

Expecting job growth on the order of about 150,000 in December, financial markets were taken aback, to say the least, when those figures came in at only a thousand new jobs.

With financial markets more optimistic that the economy is expanding nicely, mortgage rates had nowhere to go but up this week. Then, as a result of the GDP figures released today (Thursday), the market began weighing which part of GDP it feels is most dominant, growth or inflation.

Five percent on its own would be good news. That's a good rate of appreciation and reflects a strong housing market.

This is a slowing down to what I think of as good, sustainable levels.

A lot of the starter homes are on the smaller end, a little bit older.

Even with rising mortgage rates over the last four weeks, 30-year fixed-rate mortgage rates remain an historical bargain. To date, contract rates for these mortgages have been below 6 percent for 31 weeks in a row, and we don't expect these rates will rise very much above 6-1/4 percent by year end.

That's a big slowing. It's evidence that the Federal Reserve and Fed Chairman Alan Greenspan are being effective in their efforts to cool the economy.

Every once in a while the bond market does believe Greenspan.