greg robb from market watch. i would like to turn your attention to the housing market. both rents and house prices have rapidly recently, sweeping americans on both sides. how comfortable are you with us, and does it impact monetary policy? mean, theen: well, i house, the increase in house is restoring wealth of many households who have that as their major asset. it is an important part of the wealth of american households, the american household sector. and for all of the households that were underwater, those house price increases are improving their financial condition, otherwise the same time it is making housing less affordable for those who look to buy. the same time, housing overall given the still low level of mortgage rates remains quite affordable. i think credit availability remains quite constrained for mortgages for stop anyone who does not have pristine credit veryg is -- finds it difficult at this point to qualify for a mortgage, and i think we are seeing quite a bit of reluctance given the job market and given the history of what is happened to house pri

. >> reporter: thank you, greg robb from market watch. i'd like to turn your attention to the housing market for a question. both rents and house prices have been rising rapidly recently, squeezing americans on both sides. how comfortable are you with this, and does it impact monetary policy? thank you. >> well, i mean, the house, the increase in house prices is restoring wealth of many households who have that as their major asset. it is an important part of the wealth of american households, american household sector, and for all of the households that were underwater, those house price increases are improving their financial condition. although, of course, at the same time, it's making housing less affordable for those who look to buy. at the same time, housing overall given the low levels to low level of mortgage rates remains quite affordable. i think credit availability remains quite constrained for mortgages, anyone who doesn't have pristine credit rating is -- finds it very difficult at this point to qualify for a mortgage, and i

greg robb from marketwatch. apply to you turn your attention to the housing market for questions. both rents the rams and house prices have been rising rapidly recently, squeezing americans on both sides. how comfortable are you with this and does it impact monetary policy? >> well, i mean, the house the increase in house prices is restoring wealth of many households who have that as their major asset. it is an important part of a wealth of american household american household sector. and for all of the household who were underwater, those house price increases are improving their financial condition. although of course at the same time it's making housing less affordable for those who look to buy. at the same time housing over all, given the low levels of mortgage rates, remains quite affordable. i think credit availability remains quite constrained or mortgages. anyone who doesn't have pristine credit rating is find it very difficult at this point to qualify for a mortgage. and i think we are seeing quite a bit of reluctance given the job market and given with a history of what