× Streaming access to the collection is currently unavailable, due to unscheduled maintenance. We apologize for the inconvenience to your patrons. If a research affiliate would like assistance accessing content during this time, they can contact us for special instructions.
× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Inflation / Interest Rates / Housing Market #478008

NBC Evening News for Tuesday, Jul 30, 1974
View other clips in this broadcast →

(Studio) Contd. high interest rates forecast by economy cnsl. Herbert Stein and chairperson of Federal Reserve Bd. Arthur Burns.
REPORTER: John Chancellor

(DC) [BURNS - says interest rates won't come down till inflation rate controlled. Inflation causes major economy problems. Offers advice to win battle against inflation.]
REPORTER: Irving R. Levine

(Studio) Burns refuses to predict if interest rates will go higher. High interest rates hurt hsing. market
REPORTER: John Chancellor

(Jasper, Georgia) No mortgage money available in town. [Realtor Wayne O'NEIL - says no conventional money available.] Any hsing. business conducted on cash basis.

(Los Angeles, California) Prime mortgage rate boosted to 10%; 20% down payment demanded. [Real estate broker Ira GRIBIN - says people in bottom 25% of market hurt worst.]

(Chicago, Illinois) Hsing. market not quite as tight here. Chicago area home builders suffer.
REPORTER: Carole Simpson

Chancellor, John;
Davis, Lou;
Levine, Irving R.;
Neal, Roy;
Simpson, Carole

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.