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.
More Quotes from Franklin Raines:
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
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.
Franklin Raines
We believe our overall fiscal policy is providing an environment where businesses can prosper, but we believe tax cuts should be aimed at people.
Franklin Raines
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
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
And so the danger for the housing industry is if we see interest rates rise.
Franklin Raines
Readers Who Like This Quotation Also Like:
Based on Keywords: booms, fannie, maePerfection is attained by slow degrees; it requires the hand of time.
Voltaire
Parents should conduct their arguments in quiet, respectful tones, but in a foreign language. You'd be surprised what an inducement that is to the education of children.
Judith Martin
I know every Skynyrd and about all Johnny Cash songs.
Kid Rock