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 Quotes
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.
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| Birth: | 14th January, 1949 |
| Nationality: | American |
| Profession: | Businessman |
About
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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