2015 Mortgage Rate Forecast: Many of the portfolio managers expect rates to move higher next year but not too dramatically. Keeping rates in check are: the uneven growth in the economy,declining inflation expectations, and uncertainties in the labor market. Also, there is an increase in the purchase of treasuries and corporate bonds by pension funds, banks, and foreign investors seeking higher U.S. bond yields. There is also rising demand in safe-haven assets and geopolitical unrest in several hot spots around the world. With that being said, now is still an excellent time to refinance or purchase with rates at record lows and great deal still available. Call on us, DIVERSIFIED MORTGAGE BROKERS, Tel: 434-237-3143, Email: dbi4009@aol.com, Web: www.diversifiedmortbrokers.com . WE EDUCATE & DELIVER . * From American Funds Monthly Commentary Nov. 2014