Declining Oil Prices to Benefit Mortgage Rates

The recent dip in home heating oil prices resulting from the slowing global economy is expected to benefit borrowers.  Long term T-bills also decline under such circumstances and are a bellwether for the mortgage industry, suggesting tentative buyers reexamine their purchase and financing options.  Per the article, Closing Attorney Rick Dunn notes that rates should approach the lows seen in 2012-13.  He forwards this article as illustration:  http://www.cbsnews.com/news/another-upside-to-oils-slide-lower-mortgage-rates/