Mortgage Rates, Gas Prices on the Move

One of the signs that’s something afoot in the financial markets — as it is now — is that interest rates re-set several times in one day.

(More typically, they re-set every few days.)

Although the increments have all been small, that’s been happening all week in the credit markets.

Think of the re-sets — all up, by the way — as a series of 2.0 and 3.0 seismic (financial) tremors.

Meanwhile, local gas prices, which had been unchanged seemingly for weeks locally at around $2.89 a gallon, suddenly rose twice in the last two days to $3 (or more).

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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