“They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.”
Quote by Franklin Raines
Author
Franklin Raines
Franklin Raines served as the Director of the United States Office of Management and Budget, bringing extensive experience in both the financial and governmental sectors. He has held senior positions in major financial institutions, including the United States Department of the Treasury and the World Bank. more