Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers. Franklin Raines boomconsumerkick share on social
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. Franklin Raines boomfanniehigh Change image and share on social
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. Franklin Raines earlyeconomymortgage Change image and share on social
And so the danger for the housing industry is if we see interest rates rise. Franklin Raines dangerhouseindustry Change image and share on social
If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession. Franklin Raines automaticbudgetcut share on social
Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get. Franklin Raines concernindividualinflation share on social
We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy. Franklin Raines economyfederalgovernment Change image and share on social
They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up. Franklin Raines averagebasebelieve share on social
So from the housing standpoint, steady as you go, I think, would be the best medicine. Franklin Raines housemedicinestandpoint Change image and share on social
