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Construction Industry / Mortgage Rates #239101

CBS Evening News for Tuesday, Mar 18, 1975
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(Studio) Govt. reports number of building permits issued in February at lowest rate on record. Decline comes even though mortgages available at cheaper rates.
REPORTER: Roger Mudd

(NYC) Americans depositing record amts. in savings and loan assns. [Mortgage officer Robert CALLICUTT - says mortgage funds now available.] Banks lower prices charged for mortgages; but there are few mortgage applications. [Savings association league Paul SCHOSBERG - says people reluctant to make commitment for mortgage; if economy stabilizes, things could change.]
REPORTER: Mitchell Krauss

Reporter(s):
Krauss, Mitchell;
Mudd, Roger
Duration:
00:02:10

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