Mortgage Rates Rising

Don't look now but here comes the rise in the 30 year mortgage bonds.  The most recent rates from Freddie Mac can be seen below.  (One of the government mortgage giants that now represent the mortgage market)

Looks like the Fed leaving the market has already made an impact.  With home prices falling, we all shudder to think about what would happen to prices should rates be allowed to rise to real market levels in our new communist country.