Able Quote by Franklin Raines
“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.”
About This Quote
Source Speech: Economic Outlook, 2006
Low interest rates spur refinancing, increasing consumer cash flow but risk future rate hikes.
In simple terms: Cheap loans boost spending now.
Key Takeaway
Plan for possible rate rises.
Themes
economics
mortgages
consumer finance
Mood
pragmatic
analytical
Type
financial
advisory
When to use this quote
- home buying
- budget planning
- investment strategy
Key Concepts
interest rates
refinancing
inflation
Questions to Reflect On
- How will rising rates affect your finances?
- Are you over‑leveraged?
A Different Perspective
Rate cuts are temporary.
![“[Young people] can't do much with [student debt] other than try to figure out how to pay it down. They can't take jobs they want. They can't get the credit they would like to start a business. So we're going to refinance it, we're going move people into income-contingent repayment plans, we're…” quote by Hillary Clinton](https://sms4smile.com/quotes/img-quotes/6e0/hillary-clinton-51_business_young-people-can-t-do-much-with-student_2391482.jpg)
