“Mortgage rates are up. Mortgage applications are down. New home permits are down. New home construction is down. Not a little down. ‘Falling off the burning trestle’ down. Bernanke did it. Let us not forget this after he retires next February. Bernanke did it. When the bad news on housing is on the evening news, recall once again: Bernanke did it. With QE3 pouring $40 billion of newly counterfeited money a month into Fannie/Freddie, and mortgage rates rising from 3.35% to 4.6% in two months, let us sing the chorus: Bernanke did it.”
http://teapartyeconomist.com/2013/07/18/housings-mini-bubble-has-popped/
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