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.
More Quotes from Franklin Raines:
Well, now, and there's - for every dollar the federal government spends, there's real people on the other side, and so when we talk about reductions that are going to affect providers, that's going to affect hospitals and doctors and others.Franklin Raines
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
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
The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.
Franklin Raines
People are buying new homes, existing homes at record levels. And that just shows the underlying strength of the economy and the optimism of families that this is still a good time to buy a home even though interest rates on mortgages have risen substantially,
Franklin Raines
Well, I think the best form would be to put money directly in the pockets of consumers.
Franklin Raines
Readers Who Like This Quotation Also Like:
Based on Keywords: mortgageAt first, I spend about four hours a day writing. Toward the end of a book, I spend up to 16 hours a day on it, because all I want to do is make it good and get it done.
Tracy Kidder
Everybody says we hated the Yankees. We didn't hate the Yankees. We just hated the way they beat us.
Al Lopez
We teach young kids from 8 to 14 or 15 about their musical heritage through great songs written by American songwriters. We don't do too many modern composers, although we include songs from Billy Joel and other writers like him.
Margaret Whiting