Suburbia Defies Recession Says Fortune Study 1958
Sylvia Porter reports Suburbia shows resilience amid recession with rising mid income spending. Park Forest and Levittown shoppers buy to snag bargains while unemployment climbs nationwide. many borrowers seek lower payments, not rates, masking hard times. Local credit offices note hidden job losses.
MENTIONED IN THIS ARTICLE
Sylvia Porter
New York
Suburbia
Levis
Fortune Magazine
Subuchia
Housing Bill Focus On Interest Draws Fire
Washington lawmakers and housing advocates argue the emergency housing bill mainly aids home builders. Critics point to a VA loan rate rise from 4.5 to 4.55 percent, affecting a 50 year, $15 009 mortgage.
Housing loan costs and breaks for veterans buyers
The text explains that veterans buying homes face higher interest under new rates, though no down payment is required by law. It outlines compensating breaks, FHA down payments, and effects on principal and interest. It notes falling general rates, potential for FHA rate reductions, and advice to shop for best terms.
MENTIONED IN THIS ARTICLE
Ition
Suburbia
Federal Housing Administration
Congress
Mortenage
Nancy
Loan discount rates rise across regions in wartime financing
The article notes higher loan discounts, such as $300 on a $15,000 loan, with variations by program. VA loans can’t pass the fee to buyers, while FAA loans pass some costs. Discounts shift from East to West, with West rates reaching as high as 12 percent. The passage references the Clerk Danek Court.
MENTIONED IN THIS ARTICLE
FAA
Also Mentioned on This Page
Park Forest
Levittown
Long Island
Elmira
Andi
van Yee
Fortune
Credit Bureau
U.S.A
Peter E.son
Washington
NEA
Teceebcne EM
Center Point Road
Ornemental
Seeens
Scott's
Scot
Scott
Heabel
KCRG
Baki
Steeeance
Our Office
Zedar Rapids Loan
Merchants Bank
Pye City
The
Clerc Danek Court
Fins St. S.w
Arthur Murray
Stecios Athonitin
3Rd Ave
Paramount
Bae
Phillips 66
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