Lowering oil prices are helping interest rates drop as well. The chart above shows how they’ve been moving in lock step since the first of the year, as we continue to monitor disinflation. Remember that some derivation of petroleum is in an estimated 96% of all goods currently being produced, so its availability and cost is a good indicator of inflation in general–and currently, interest rates.
Both Case-Shiller and FHFA report today that home values continue to rise, so it’s a good day all around.
