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Mortgage Rates / Home Buyers #230318

CBS Evening News for Wednesday, Sep 12, 1973
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(Studio) High mortgage rates for prospective home buyers continue upward.
REPORTER: Walter Cronkite

(Los Angeles, California) Lampkin family shops for home. Interest rate on loan needed to buy home would increase payments substantially. [David LAMPKIN - says payments would be too expensive.] [Linda LAMPKIN - suggests they will wait till interest rates drop or affordable house goes on market] Many prospective buyers can't get loans from any source; money not available. [Loan expert Ernest FLEISCHER - explains money squeeze to prospective customer.] Many homes can't be sold because of record high interest rates.
REPORTER: Terry Drinkwater

Reporter(s):
Cronkite, Walter;
Drinkwater, Terry
Duration:
00:02:20

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