The Fed is focused on long-term unemployment

The Fed is still concerned about the "stubbornly high" unemployment

The Fed hopes that its actions encourage investment, hiring, spending

Fed's actions contribute to lower rates on mortgages

Low mortgage rates make home ownership available to more people

The situation in the housing sector improving, contributing to the growth of the economy, the improvement in the labor market

Recovery of the housing market has obstacles, has been uneven

Perhaps the "pendulum has swung too far," overlooking pine tight credit conditions

"Overly stringent" loan conditions may harm the housing market

Mortgage lenders have tightened lending conditions in 2007, since they did not moderate