Here's a look at the 30-year Jumbo mortgage trend from bankrate.com. And now you know why the sh*t is really hitting the fan now.

And that's the rate for the 50% of people who can still get a loan in the first place...

Remember folks, our incompetent and reckless Fed doesn't control mortgage rates when they lower the discount rate.

When foreign investors lose confidence in our currency, interest rates are going to soar even higher.

Lending criteria tightened. Buyer pool down. Inventory up. Interest rates up. Home prices down. Sheeple slaughtered. And we go right back where we started from (and lower).

It hath been foretold.

Bernanke tells the imploding mortgage bankers and homebuilders to not let the door hit them on the way out

No surprise. If the Fed had lowered rates yesterday, the world would have ended for the US dollar. It's already in a heap of trouble, and China hinting that it would sell off its US Treasuries ain't gonna help much. With inflation roaring (real inflation, not government-reported inflation) a rate rise was actually more appropriate. But that would have caused havoc too.

Bottom line: Mortgage brokers, homebuilders, realtors on commission - you're on your own. The Fed ain't gonna cut. Nor can they.

China threatens 'nuclear option' of dollar sales

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.

Fed says inflation is top priority; acknowledges credit, housing risks

The Federal Reserved left a key interest rate unchanged on Tuesday, citing a priority to control inflation even as it acknowledged volatility in the financial markets, including a tighter credit market and an ongoing housing downturn.