Rick Rieder

I think housing, if you have what is today, what is a moribund housing market, I think the impact is significantly more intense than people think.

So any of the initiatives, I think, to move it, I think fiscal, I think obviously moving the mortgage rate, I think is helpful.

And by the way, I don't think you have to move it that far.

You know, we see, we track prepayment speeds on mortgages, as you said, very, very closely.

If you get the mortgage rate to five and a half to six, you've seen it, by the way, as the mortgage rate has come down, you create more velocity in terms of housing moving.

You see it in existing home sales picking up.

So anyway, I think that's the case.

And I think if you get the mortgage rate down a bit,

And by the way, I only think you need to get 10-year treasuries down, 25, 30, 40 base points, and just keep them there, keep rate volatility down.

And then with fiscal, I think you do some pretty positive things, and I agree that it's arguably one of the most important things we could do today.

I don't know.

I don't know if you know this.

I'm actually becoming a grandfather today.

Congratulations, Rick.

So I think, by the way, Matt, I don't know if you know this, but I had my anniversary once when I was on your show many years ago.

So I think all my big events come when I'm talking with y'all.

So there's something good there about being with y'all.

Good for us, but you're in trouble at home, I imagine.

Yeah, that is, well, close.

I think there's a couple of things that are at play.