And so the danger for the housing industry is if we see interest rates rise.
- Franklin Raines Quote

I think if you go beyond a year - if this continues into the system in the out years, I think there is a risk and that - that we could have a negative reaction in the bond market and that will offset the good that was attempted to be done.
- Franklin Raines Quote

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 Quote

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 Quote

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.
- Franklin Raines Quote

The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.
- Franklin Raines Quote

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 Quote

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 Quote

Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off.
- Franklin Raines Quote

Well, I think the best form would be to put money directly in the pockets of consumers.
- Franklin Raines Quote

Well, there are about 10 million children that aren't covered by health insurance. About 3 million qualify for Medicaid but don't get it, so we're going to reach out and bring more of those kids into the Medicaid program.
- Franklin Raines Quote

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 Quote