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Mortgage Rates / Housing #28269

ABC Evening News for Monday, Jan 21, 1974
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(Studio) Govt. announces reduction in interest rate ceiling on Federal Housing Administration and Virginia insured mortgages from 8 1/2 to 8 1/4%. Admin. to commit $6.6 billion to help financial new hses. offered at below market interest rates.
REPORTER: Harry Reasoner

(Atlanta, Georgia) Building industry suffers from energy crisis and tight money situation. [Builder Ronnie CANTRELL - has no income now.] Contractors reluctant to begin building more hses. [Builder Wally BIESZAK - discusses energy crisis' effect on selling homes already built. People worried about gasoline rationing.] [Builder Joel BLACKFORD - thinks many Americans afraid to buy because of uncertain future.]
REPORTER: David Snell

Reporter(s):
Reasoner, Harry;
Snell, David
Duration:
00:02:40

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