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October 6th, 2008

Economic Turmoil = Relief at the Pump?

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Oil prices reached an eight-month low, dipping below $90 a barrel this morning. Current economic conditions continue to dictate a decline in the demand for oil. The price of a barrel of light, sweet crude has dropped nearly 40% from it’s record-setting price this past July.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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