Your ability to demystify the mortgage market and identify trends greatly improves the public’s understanding of the housing market - the market for one of the most important financial transactions an individual will ever undertake. I also note that your readership includes real estate professionals - another group of individuals who play a crucial role in the efficient operation of the housing market.
We believe these measures will put a floor under the economy as well as business and consumer confidence. In particular, the measures are designed to be elastic—to expand or contract depending on the scale of the ultimate shock to the economy.