Franklin Raines Quotes

Particularly important in buoying spending are the very low levels of mortgage interest rates, which encourage households to purchase homes, refinance debt and lower debt service burdens, and extract equity from homes to finance expenditures. Fixed mortgage rates remain at historically low levels and thus should continue to fuel reasonably strong housing demand and, through equity extraction, to support consumer spending as well.

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.

I don't like being in debt, and I wouldn't borrow money for anything.

If you're going to live in the house make it your goal to just pay off your mortgage.

Especially if you're over 40, shortening the term of your loan to pay it off sooner could make you mortgage-free in retirement.

Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home for a number of years.

Make this the year you tackle that credit card debt once and for all.

The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure that households could find mortgages at low interest rates even during the worst phase of the financial panic.

I want to build a studio in my backyard. The interest rates are low now, so who knows.

Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like.

The economy grows when families can spend money on personal priorities rather than priorities imposed by the federal government.

Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?

Banks introduced the installment plan. The disappearance of cash and the coming of the credit card changed the shape of life in the United States.

Those who are lovers of trade and delight to see manufacturing encouraged will be for having a large addition to our currency.

When interest rates are coming down, you cannot have high margins.

Your mortgage shouldn't have been treated as a wager - it should be a way to provide a home and financial stability for you and your family.

The impact of low interest rates is broad and deep. Many Americans rely on interest income from their savings to help cover their cost of living.

We want to help Canadians be able to get a home that they can afford.

Escrow accounts are an important tool for homeowners to the reduce the risk of mortgage default on high-priced loans. Millions of Americans, including my wife and I, utilize these accounts to make monthly payments towards the annual financial obligations that come with homeownership like taxes and insurance.

Anything that puts money back in the pockets of the consumer, however you choose to do it, is a good idea.

Cheap money feels like the most natural thing in the world - if you don't think about why it's so cheap.

People go into debt when they judge it beneficial to borrow money against their future earnings. Few can afford to buy a house outright, but many consider it worthwhile to take out a loan, which they will service and pay off over time, for the immediate privilege of living and investing in a house.

Loans are a different experience for everyone, but the mentality you have to have is not to feel relaxed. You have to have a mindset that you're going to try harder and work harder than anyone.

I do like low interest rates. I'm not making that a big secret. I think low interest rates are good. I like a dollar that's not too strong. I mean, I've seen strong dollars. And frankly, other than the fact that it sounds good, lots of bad things happen with a strong dollar.

I'm the king of debt.