Word: mortgagees
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Dates: during 1980-1989
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One of the most buoyant parts of the economy is the housing industry, which is benefiting from a decline in mortgage rates. Surveys by the Shearson Lehman Brothers investment firm show that the average interest charge on a fixed-rate mortgage for 25 years or more has dipped from 14.5...
The Federal Reserve Board is able to let mortgage and other interest rates decline because inflation seems dormant. The Labor Department reported that the consumer price index rose at a moderate 4.6% annual rate in April and at a 4.2% clip for the first four months of the year. Inflation...
The tax plan the President approved last week in nearly final form is the diluted successor to a widely heralded proposal first unveiled by the Treasury last November. The original plan, now referred to as Treasury I, was a breathtakingly populist document. It offended nearly every special interest. Only the...
In the mid-1960s the U.S. Government helped the thrifts by letting them pay depositors higher interest rates than commercial banks. By 1975 there were 5,407 savings institutions, with deposits of $395 billion. By the end of the '70s, however, they were rocked by high interest rates, which reduced...
While Reagan had not approved all details by the end of last week, the outlines of Treasury II are beginning to emerge. As in the earlier version, the top tax rate will be 35% (rather than the current 50%). People will still be allowed to deduct the mortgage interest on...