BAML: Oil declines could fuel lower mortgage interest rates in 2015
[facebook][retweet] Most forecasts didn’t foresee oil’s plunge An examination of break-even inflation rates suggests sharply lower oil prices are a key driver of the 90 basis points rally in 10-year Treasurys and the 60 basis points drop in mortgage rates in 2014, according to analysts at BofA Merrill Lynch. Most real estate economists are forecasting…