The Wall Street Journal recently reported that a Fannie Mae and Freddie Mac IPO is underway, but many economists believe that move would upend the housing market as we know it. In a statement to TheStreet, Realtor.com Senior Economist Jake Krimmel explains why taking Fannie and Freddie public would do more harm than good.

Allianz SE's Pacific Investment Management Co. warned that the Trump administration's proposal to sell new shares of Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) could result in higher mortgage rates if the debt issued by the mortgage giants loses the government's backing.