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When oil is high, interest rates go up. Hesitant home buyers lose.

Wednesday, June 4, 2008

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When oil is high, interest rates go up. Hesitant home buyers lose.

Interest rates dropped a bit recently, but here comes a reality check: High oil prices mean that interest rates must go up. In an AP article dated may 16, 2008, by author Adam Schreck, the headline reads Oil sets record near $128; pump price at high, too Yes, you do see this correctly, $128 per [...]

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