Thank you.
I know that Mr. Gergley was helping to respond to this question, and I just want to make sure I understand this part as well. I heard that the way mortgage loans are offered or “originated”, which I believe is the terminology, is such that when lenders make the loan or originate the loan, they price in a little bit of flexibility to ensure that there is tolerance, if you will, for interest rate scenarios that might change. In other words, they take into account the fact that interest rates may rise and what the impact of that would be on the payment that the mortgage holder has to pay. They price in a little bit of flexibility so that if interest rates go up, the borrower can afford to pay the mortgage.
Is that correct?