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.
More Quotes from Franklin Raines:And so the danger for the housing industry is if we see interest rates rise.
We're just sort of like the Eveready bunny. And we just keep going and we expect that to continue because of the strength of that housing market.
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.
The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.
So from the housing standpoint, steady as you go, I think, would be the best medicine.
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.
Readers Who Like This Quotation Also Like:Based on Keywords: boom, mortgage, refinance
One way to stop a runaway horse is to bet on him.
The wit knows that his place is at the tail of a procession.
A good garden may have some weeds.