And so the danger for the housing industry is if we see interest rates rise.
quote by Franklin Raines
Added by Lucian Velea
Comment! | Vote! | Copy!
So from the housing standpoint, steady as you go, I think, would be the best medicine.
quote by Franklin Raines
Added by Lucian Velea
Comment! | Vote! | Copy!
Well, I think the best form would be to put money directly in the pockets of consumers.
quote by Franklin Raines
Added by Lucian Velea
Comment! | Vote! | Copy!
The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.
quote by Franklin Raines
Added by Lucian Velea
Comment! | Vote! | Copy!
And so Fannie Mae produces very strong results for investors in - when interest rates are high and when interest rates are low, in recession and during booms.
quote by Franklin Raines
Added by Lucian Velea
Comment! | Vote! | Copy!
We think if the economy remains weak that we could see mortgage rates trail down and we think that we could see rates below seven percent into early next year.
quote by Franklin Raines
Added by Lucian Velea
Comment! | Vote! | Copy!
Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.
quote by Franklin Raines
Added by Lucian Velea
Comment! | Vote! | Copy!
That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in our - since we've been keeping track of this.
quote by Franklin Raines
Added by Lucian Velea
Comment! | Vote! | Copy!
Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.
quote by Franklin Raines
Added by Lucian Velea
Comment! | Vote! | Copy!
And so we have to be careful with looking at additional stimulus that we don't provoke an increase in the bond rate and then offset a lot of the stimulus we've already got.
quote by Franklin Raines
Added by Lucian Velea
Comment! | Vote! | Copy!