Hearst Television / WAPT-TV (ABC; Mississippi)
The National Association of REALTORS® chief economist Lawrence Yun says it all comes down to the government's backing: "So as long as there is a government guarantee – even with privatization – the mortgage market will run smoothly. Now if the government guarantee is not there, then it will cause havoc, mortgage rates will rise [and] we may no longer have the 30-year fixed-rate mortgage," said Yun.