David Lereah Mortgage Quotations

Since 1971 there have been only five months when mortgage interest rates were lower, and all of those have been during the last year and a half.

Mortgage interest rates were at the highest level since the third quarter of 2003. At the same time, we've seen strong double-digit appreciation in home prices, so a modest slowing from record sales was to be expected. The good news is that home sales are being sustained at historically high levels.

If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years,

A new record is a bit unexpected, but so is the performance of mortgage interest rates which have been lower than forecast. When we look at recent job gains, we see all the positive factors coming together to coincide with a powerful demographic demand for housing.

You're going to be taking away from Middle America. Everyone, whether you use the mortgage interest deduction or not, the value goes down. You've just reduced the retirement nest egg for everyone.

A lot of demand has been met over the last five years, and a modest rise in mortgage interest rates is causing some market cooling.

Although mortgage interest rates have risen in the last month, housing affordability conditions remain favorable.

Not only have mortgage interest rates declined, but an expected rise in the second half of the year will be slower than in earlier projections. As a result, we now expect to set records for both existing- and new-home sales this year.