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Showing posts with label seismic tremor. Show all posts
Showing posts with label seismic tremor. Show all posts

Thursday, December 2, 2010

"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).