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.
![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.](http://cdn.myquotes.org/images/franklin-raines/well-were-just-now-seeing-the-reductions-in-mortgage-rates-the-mortgage-rates-are-based-on-the-ten-year-rate.jpg)
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.