--- title: "Meaning & Key Takeaway of: We think if the economy remains weak that…" description: "\"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 ne..." image: "https://sms4smile.com/quotes/i/087/franklin-raines-28925_customer_we-think-if-the-economy-remains-weak-tha_2689527.jpg" --- # We think if the economy remains weak that we could see… ![“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 next year.” quote by Franklin Raines](https://sms4smile.com/quotes/i/087/franklin-raines-28925_customer_we-think-if-the-economy-remains-weak-tha_2689527.jpg) [Download](https://sms4smile.com/quotes/i/087/franklin-raines-28925_customer_we-think-if-the-economy-remains-weak-tha_2689527.jpg) [Open image](https://sms4smile.com/quotes/i/087/franklin-raines-28925_customer_we-think-if-the-economy-remains-weak-tha_2689527.jpg) > “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 next year.” [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. If the economy stays weak, mortgage rates may fall below seven percent early next year, easing borrowing costs. **In simple terms:** Weak economy could lower mortgage rates below 7%. Key Takeaway Monitor market trends for buying opportunities. Themes economy mortgage rates interest housing market forecasting Mood cautious analytical Type forecast financial advice When to use this quote - home buying - refinancing - budget planning Key Concepts Monetary policy inflation consumer confidence Questions to Reflect On - What factors could prevent rates from dropping? - How should buyers prepare for rate volatility? A Different Perspective Economic predictions are uncertain and can change quickly. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Down and](https://sms4smile.com/quotes/about/down-and/) [Economy](https://sms4smile.com/quotes/about/economy/) [Mortgage](https://sms4smile.com/quotes/about/mortgage/) [Mortgage rate](https://sms4smile.com/quotes/about/mortgage-rate-125411/) [Mortgage Rates](https://sms4smile.com/quotes/about/mortgage-rates-2646093/) [Next](https://sms4smile.com/quotes/about/next/) [Next year](https://sms4smile.com/quotes/about/next-year/) [Percent](https://sms4smile.com/quotes/about/percent/) [Rate](https://sms4smile.com/quotes/about/rate/) [Rates Seven](https://sms4smile.com/quotes/about/rates-seven-2646094/) [Remains](https://sms4smile.com/quotes/about/remains/) [Seven](https://sms4smile.com/quotes/about/seven/) [Think Economy](https://sms4smile.com/quotes/about/think-economy-341736/) [Think Rates](https://sms4smile.com/quotes/about/think-rates-2646095/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Trails](https://sms4smile.com/quotes/about/trails/) [Walking](https://sms4smile.com/quotes/about/walking/) [Weak](https://sms4smile.com/quotes/about/weak/) [Weak Mortgage](https://sms4smile.com/quotes/about/weak-mortgage-2646092/) [Years](https://sms4smile.com/quotes/about/years/) ## Related 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…](https://sms4smile.com/quotes/franklin-raines/well-we-re-just-now-seeing-the-reductions-in-mortgage-rates-the/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [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…](https://sms4smile.com/quotes/mark-zandi/there-is-no-better-way-to-quickly-buoy-hard-pressed-homeowners-than/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes…](https://sms4smile.com/quotes/franklin-raines/they-flooded-liquidity-in-the-marketplace-but-the-mortgage-rate-is/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [In June 2005, mortgage rates were at 40-year lows, and risk premiums on mortgage securities were at all-time lows. Once the banks migrated to…](https://sms4smile.com/quotes/michael-burry/in-june-2005-mortgage-rates-were-at-40-year-lows-and-risk-premiums-on/) [Michael Burry](https://sms4smile.com/quotes/author/michael-burry/) > [The two questions that anyone ever asks me are: 'Are house prices going to go down?' and 'Is it a good time to fix…](https://sms4smile.com/quotes/evan-davis/the-two-questions-that-anyone-ever-asks-me-are-are-house-prices-going/) [Evan Davis](https://sms4smile.com/quotes/author/evan-davis/) > [“The state arbitrarily set the mortgage interest rate at 8.5 percent—below the prime rate of 9 or so percent—so banks could make more money…](https://sms4smile.com/quotes/ken-auletta/the-state-arbitrarily-set-the-mortgage-interest-rate-at-8-5-percent/) [Ken Auletta](https://sms4smile.com/quotes/author/ken-auletta/) > [You have a job but you don't always have job security, you have your own home but you worry about mortgage rates going up,…](https://sms4smile.com/quotes/theresa-may/you-have-a-job-but-you-don-t-always-have-job-security-you-have-your/) [Theresa May](https://sms4smile.com/quotes/author/theresa-may/) > [Read books are far less valuable than unread ones. The library should contain as much of what you do not know as your financial…](https://sms4smile.com/quotes/nassim-nicholas-taleb/read-books-are-far-less-valuable-than-unread-ones-the-library-should/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [I think the economy in the US has surprised. The old adage is that if America sneezes, the rest of the world catches a…](https://sms4smile.com/quotes/martin-gilbert/i-think-the-economy-in-the-us-has-surprised-the-old-adage-is-that-if/) [Martin Gilbert](https://sms4smile.com/quotes/author/martin-gilbert/) > [I think Donald Trump tapped into something where folks didn't think the economy and the political system was working for them.](https://sms4smile.com/quotes/steve-bullock/i-think-donald-trump-tapped-into-something-where-folks-didn-t-think/) [Steve Bullock](https://sms4smile.com/quotes/author/steve-bullock/) > [I think the economy is the point of greatest uncertainty for most people.](https://sms4smile.com/quotes/don-iveson/i-think-the-economy-is-the-point-of-greatest-uncertainty-for-most/) [Don Iveson](https://sms4smile.com/quotes/author/don-iveson/) > [Think of an economy where people could be an artist or a photographer or, eh, a writer without worrying about keeping their day job…](https://sms4smile.com/quotes/nancy-pelosi/think-of-an-economy-where-people-could-be-an-artist-or-a-photographer/) [Nancy Pelosi](https://sms4smile.com/quotes/author/nancy-pelosi/) > [After several trillion dollars of stimulation by the Obama Administration and the Fed, one might think the economy would be chugging along at a…](https://sms4smile.com/quotes/bob-beauprez/after-several-trillion-dollars-of-stimulation-by-the-obama/) [Bob Beauprez](https://sms4smile.com/quotes/author/bob-beauprez/) > [People like the robber barons assumed that the doctrine of the survival of the fittest authenticated them as deserving power. You know, "I'm the…](https://sms4smile.com/quotes/charlie-munger/people-like-the-robber-barons-assumed-that-the-doctrine-of-the/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [It's important for market participants to have a sense of how we think about the economy and the appropriate path of policy, to look…](https://sms4smile.com/quotes/janet-yellen/it-s-important-for-market-participants-to-have-a-sense-of-how-we/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) ## More by Franklin Raines > [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…](https://sms4smile.com/quotes/franklin-raines/and-so-we-have-to-be-careful-with-looking-at-additional-stimulus-that/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [And so the danger for the housing industry is if we see interest rates rise.](https://sms4smile.com/quotes/franklin-raines/and-so-the-danger-for-the-housing-industry-is-if-we-see-interest/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [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…](https://sms4smile.com/quotes/franklin-raines/right-now-the-long-term-investors-are-telling-us-that-they-re-not-as/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [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…](https://sms4smile.com/quotes/franklin-raines/well-there-are-about-10-million-children-that-aren-t-covered-by/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [I think if you go beyond a year - if this continues into the system in the out years, I think there is a…](https://sms4smile.com/quotes/franklin-raines/i-think-if-you-go-beyond-a-year-if-this-continues-into-the-system-in/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also…](https://sms4smile.com/quotes/franklin-raines/well-you-know-we-ve-got-a-lot-of-stimulus-in-the-economy-already-from/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [So from the housing standpoint, steady as you go, I think, would be the best medicine.](https://sms4smile.com/quotes/franklin-raines/so-from-the-housing-standpoint-steady-as-you-go-i-think-would-be-the/) [Franklin Raines](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/franklin-raines/right-now-we-think-that-rates-will-stay-low-that-you-ll-be-able-to/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes…](https://sms4smile.com/quotes/franklin-raines/they-flooded-liquidity-in-the-marketplace-but-the-mortgage-rate-is/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in…](https://sms4smile.com/quotes/franklin-raines/that-is-the-reason-for-that-is-that-home-prices-are-only-going-to-go/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [Well, I think the best form would be to put money directly in the pockets of consumers.](https://sms4smile.com/quotes/franklin-raines/well-i-think-the-best-form-would-be-to-put-money-directly-in-the/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19…](https://sms4smile.com/quotes/franklin-raines/we-are-shrinking-the-size-of-the-federal-government-as-a-percent-of/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.](https://sms4smile.com/quotes/franklin-raines/the-automatic-stabilizer-is-unemployment-insurance-food-stamps/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [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…](https://sms4smile.com/quotes/franklin-raines/if-there-s-a-severe-recession-the-automatic-stabilizers-will-come/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy…](https://sms4smile.com/quotes/franklin-raines/well-i-think-as-long-as-people-are-talking-about-stimulus-i-think-the/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) [Explore all 19 Franklin Raines quotes ](https://sms4smile.com/quotes/author/franklin-raines/) ## More Customer quotes > [“Start a business, not a startup”](https://sms4smile.com/quotes/anonymous/start-a-business-not-a-startup/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. 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