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Economy / Interest Rates / Mortgages #634490

NBC Evening News for Tuesday, May 16, 2000
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(Studio: Tom Brokaw) The increase in interest rates featured. stock Market Report.

(Plains City, Ohio: Mike Jensen) The effects of the interest rate hike on consumers and businesses examined; interest rates statistics cited. [Ohio John Deere dealer Jeff MITCHELL - says his business pays more interest.] [Former federal governor Lyle GRAMLEY - says more rate hikes are coming.] [Farmer Jim MITCHELL - comments.]

(Studio: Tom Brokaw) Report introduced.

(New York: Kelly O'Donnell) The increase in mortgage rates due to the rising interest rates reported. [Homeowner Cathy and Bruce FIELDING - say the higher rates will affect the sale of their older house.] [PERSON - says first-time buyers will be affected most.]

Reporter(s):
Brokaw, Tom;
Jensen, Mike;
O'Donnell, Kelly
Duration:
00:05:30

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