Word: mortgagees
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Dates: during 1980-1989
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Inevitably, many countries have mounted efforts to counter the outflowing tide. An Israeli professional in the U.S. who considers going home, for example, receives a banquet of blandishments. The local consulate sends his or her resume to at least three prospective employers in Israel and helps the applicant finance a...
Perhaps the most encouraging economic development last week was the prime rate's decrease from 10% to 9 1/2%. The move dropped the prime below double digits for the first time since 1978. The decline should give a needed boost to business spending, and may indicate that other borrowing costs...
Lower mortgage interest would be a boon to home buyers and builders. In the past two months, rates on fixed mortgages have fallen from nearly 14% to about 12%. Housing starts, though, have responded erratically. The Commerce Department reported last week that new residential construction fell to an annual rate...
A family of five in Greenwich, Conn., with an income of $120,000. They are paying $7,249 in state and local taxes plus $28,000 in interest on a mortgage and various loans. In order to pay for one child's college education, they are selling some stock. The...
A family of four in Palo Alto, Calif., with an income of $306,000. They now pay $31,200 in mortgage interest on their home and an additional $13,000 interest on a vacation house and other loans. Their total property taxes are $7,200. The husband pays $20,000...