The Mortgage Ticking Time Bomb

Next March is what I'm calling the mortgage ticking time bomb. If interest rates go up as predicted, you have this triple whammy problem. The cheapest rates will be very expensive and fewer people will get them. And if we do see a house price correction, then people's loan-to-value ratios may also drop - making it more difficult to get cheaper mortgages. That's why I'm calling on the government to come up with an emergency intervention package in the mortgage market because of this potential. Now, that is not a bailout. Some people have misunderstood this and saying I am calling for a bailout. I am not. What I'm calling for is things such as people having more