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. Franklin Raines additionalbondcareful Change image and 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
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
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. Franklin Raines basecontrolfeed Change image and 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
And so the danger for the housing industry is if we see interest rates rise. Franklin Raines dangerhouseindustry Change image and 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
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
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
