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Franklin Raines Quotes


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Quotes by Franklin Raines

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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

Topics: Also Cut Economy Got Interest Interest Rates Know Lot Lowered Mortgages Rates Stimulus Tax Tax Cut Well You

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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

Topics: About Bring Children Covered Get Going Health Health Insurance Insurance Kids Medicaid Million More Out Program Qualify Reach Those Well

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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

Topics: Additional Be Careful Bond Careful Got Increase Looking Lot Offset Provoke Rate Stimulus Then

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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

Topics: Attempted Beyond Bond Could Done Go Good Market Negative Offset Out Reaction Risk System Think Will Year Years You I Think

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And so the danger for the housing industry is if we see interest rates rise.

~Franklin Raines

Topics: Danger Housing Industry Interest Interest Rates Rates Rise See

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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

Topics: Able Below Boom Consumers Get Going Kicked Low Money More Mortgage Now Off Percent Pockets Put Rates Right Seven Stay Think Will You

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So from the housing standpoint, steady as you go, I think, would be the best medicine.

~Franklin Raines

Topics: Best Go Housing Medicine Standpoint Steady Think Would You I Think

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

~Franklin Raines

Topics: Best Consumers Directly Form Money Pockets Put Think Well Would I Think

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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

Topics: Been Down Go Going Gone Home Keeping Nationwide Never Now Only Our Prices Reason Since Track Up

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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

Topics: Based Controls Fed Just Mortgage Now Overnight Rate Rates Reductions Seeing Well

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Biography

Nationality: American

Type: Businessman

Born: January 14th, 1949

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