"Bubbling Up"

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).