Jumbo Mortgage Rates Will Follow Fuel Prices
Anyone who has ever taken a basic middle school science class will recognize this scenario. Animals live in an ecosystem. When one part of the system is affected it ripples throughout the rest of the system. Our economy is quite similar. When one sector is impacted negatively, it ripples out to other parts of the economy. This is evident in the recent rise in fuel prices and its effect on mortgage rates.
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