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Economy / Adjustable Rate Mortgages #296432

CBS Evening News for Tuesday, Apr 17, 1984
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(Studio) Report introduced
REPORTER: Bill Kurtis

(Houston, Texas) Impact of rising interest rates on adjustable rate mortgage holders examined. [Real estate AGENT - predicts potential buyer's mortgage payment.] [Banker Anthony FRANK - criticizes Houston market's gimmick to sell hses.] [Banker Richard WILKES - responds.] National figs. and those for Houston on adjustable rate mortgage holders outlined on screen; default rate among such mortgage holders compared to that for fixed rate mortgages. [Karen GARVIN - hopes to be able to keep house ] [WILKES - notes risks taken by bankers in helping home buyers.] [FRANK - mentions general implications.] Possibility of Senator hearings on issue noted.

Brady, Ray;
Kurtis, Bill

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