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Rates on 30-year Mortgages Top 6% !!!

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Freak! Out! Rates on 30-year fixed-rate mortgages have topped 6%! Our main man Freddie Mac has reports 6.03% for this week, up from three straight weeks at 5.88%! That's almost, like, the same as gaining 5 pounds! OMG! The Feds are racing to the vomitorium as we type! OMG !!! OK, on the reals: "Inflationary concerns" are on the rise, so expect the Feds to hurl a quarter point next week. They're trying to cut back, y'know. [SF Gate]