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Political unrest across the Middle East is putting oil prices on the move. It's awful for mortgage rate shoppers going forward. Barring a change of pace, this week might represent the best mortgage rates of the year.
"While gas prices rise, so will mortgage rates. Get locked ASAP."
With oil prices racing higher, it won't be long before gas prices do the same. And more than any other force, rising gas prices can foreshadow higher mortgage rates. The relationship is not direct but it's worth examining.
