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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Mar 24, 1969
Page
8
New York AP reports that lenders call the 7.5 percent prime rate the base for all borrowing while a money shortage and inflation fighting measures tighten credit. High mortgage costs threaten homebuyers and the middle class as corporate borrowing persists, with a Commerce Dept survey showing equipment spending rising about 14 percent.
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