With 30-year mortgage rates now above 5.5% - a level which many predict will petrify new loan...

|By:, SA News Editor

With 30-year mortgage rates now above 5.5% - a level which many predict will petrify new loan apps - Mike Shedlock wonders what Bernanke has planned for an encore: "What now Big Ben? You've already blown over a third of your $1.25T commitment, and all you have to show for it is more garbage on your balance sheet and a locked up refi market."