In his Q&A regarding the Fed’s decision to implement QE3 through the purchase of mortgage backed securities Bernanke said in no uncertain terms that part of what they are hoping to do is affect home prices, higher home prices.
If you're a potential new home buyer trying to get everything together to qualify for a mortgage and buy a house, how is a HIGHER home price helping you???
How is a LARGER down payment better for you???
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury