Hi you are correct. After the 6 month freeze on loans, the banks cannot extend the freeze. True unemployment will be 19% in June. Wait to purchase till the market crashes. I think it will drop 50-70% because of the amount of people unable to service their loans. If you get your loan approved now, keep extending every 3 months, then you will be ready to buy. If you wait to get loan later it will be a lot harder. Good luck getting a big discount!!