Occupation: Former Director, United States Office Of Management And Budget Birth: January 14, 1949
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 ….
So from the housing standpoint, steady as you go, I think, would be the best medicine..
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 ….
And so the danger for the housing industry is if we see interest rates rise..
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….
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 go….
Well, I think the best form would be to put money directly in the pockets of consumers..
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 mark….
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 ….
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 ….
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 duri….
We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At ….
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 n….
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 negativ….
They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes ….
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 stim….
The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid..
Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the bette….