Bill Clinton: “No. I mean, what's happened is, the economy's getting much healthier. And you've had huge increases in home sales. We've…”

“No. I mean, what's happened is, the economy's getting much healthier. And you've had huge increases in home sales. We've had big increases in other economic activity. And when that happens, when the economy really begins to show signs of recovery, it's hard to keep interest rates at a 25- or 30-year low. Because there is no inflation apparent in this economy, I don't expect a big increase in the rates. And we're going to watch it very closely obviously. But we've had an awfully good run with low interest rates, and a lot of people have taken advantage of them. From the time we announced the intention to have a serious effort to reduce the deficit, until I introduced my economic plan, until it passed, the interest rates dropped dramatically. And they've stayed down. I was on a plane the other day coming back from one of my NAFTA meetings, and two of the people riding with me told me they've refinanced their homes this year. And one was saving just under $300 a month, the other was saving about $500 a month on the refinancing. These things have happened to millions of people around the country, and there's still good opportunities there for home mortgages, both for new ones and for refinancing. But if the economy really picks up, there will have to be some movement in the interest rates. I don't think there will be a lot because--as long as we can keep inflation down. And I wouldn't be surprised, by the way, to see, as one of the experts reported in the press today, I wouldn't be surprised to see them drop again. I was kind of concerned when we had this big surge in housing and big surge in new investments that there might be a little pickup in it. But I'm not alarmed by it right now. NAFTA Television Debate”