The only additional point that I would repeat is that for home financing to follow a path that is sustainable over time, the Federal Open Market Committee must begin taking steps to normalize monetary policy.
Conclusion Economists Hyman Minsky, Charles Kindleberger, and, more recently, Carmen Reinhart and Kenneth Rogoff have all written extensively about how high credit growth and the financial imbalances that develop during economic upturns sow the seeds for future financial  4  BIS Review 147/2010  instability.