Suppose you work for a multi-million dollar company and have a contract that states the terms, conditions, the salary and the salary increases of your employment.
When the contract was drawn up, you and the company both agreed to the terms. Each side was happy because they felt that they were getting the better end of the deal.
Two years into your employment, the company falls on hard times. Sales are down, the projections are off, etc.
It's unfortunate for the company, but luckily for you, YOU have a signed CONTRACT that specifically states that you still get your raise/bonus from the company. Right?
Not so fast.
The Federal Government steps in.
The government 'suggests' that instead of the company giving you your 15% raise next week, it should 'freeze' your salary right where it is.
For the next FIVE YEARS.
How 'bout them apples?
So when the government 'steps in' and 'suggests' to banks and mortgage companies they should 'freeze' their interest rates so that people who bought houses they can't afford won't have to foreclose or sell their homes when their interest rate increases.... You should be equally miffed as well.
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