Today, despite its recent surge, the average price of crude oil in real terms is still only three-fifths of the price peak of February 1981. Moreover, the impact of the current surge in oil prices, though noticeable, is likely to prove less consequential to economic growth and inflation than in the 1970s.
For loans in this category, these  BIS Review 34/2009  5  protections will prohibit a lender from making a loan without regard to a borrower's ability to repay the loan from income and assets other than the home's value.