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.
They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.
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|Birth:||14th January, 1949|
Franklin Delano "Frank" Raines was born in Seattle, Washington, USA. He is an American businessman. He is the former chairman and chief executive officer of the Federal National Mortgage Association, commonly known as Fannie Mae, who served as White House budget director under President Bill Clinton. He graduated from Harvard College, Harvard Law School; and Magdalen College, Oxford University, as a Rhodes Scholar.
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