As Oil Prices Fall, So Do Mortgage Rates

Most analysts are predicting a rise in mortgage rates for 2015. BofA Merill Lynch reports a slightly different scenario.

 

We are all enjoying saving money at the gas pump, but the decrease in oil costs has, in a roundabout way, also led to lower mortgage rates.

30 year fixed rates fell to the lowest we've seen in 18 months last week.

 

Due to slow global economic growth, demand for U.S. Treasury bonds have increased.

 

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