Housing activity turns up in Cedar Rapids area
Lenders and Realtors report an upswing in Cedar Rapids Marion housing activity as 12 percent or lower loans entice buyers. Yet unemployment fears and weak economy confidence cloud demand. most lenders warn a further rate drop could stall progress and require improved job security for a stronger market.
MENTIONED IN THIS ARTICLE
Gary Peterson
Cedar Rapids-Marion
Veterans Administration
Federal Housing Administration
Tom Nugent
Guaranty Bank and Trust Co
Phil Gent
Bohemian Savings and Loan
Cedar Rapids
Bob Doolittle
First National Bank of Iowa
Marion
Dick Salat
Merchants National Bank
VA and FHA Loans Offer Notable 11 Percent 15 Year Option
VA and FHA loans retain favorable terms with an 11 percent fixed rate over 15 years, saving buyers on principal and equity. Banks report 75 percent of their business from this program, with seller-paid points to reach 11 percent. Refinancing options for VA and FHA at higher rates are streamlined under HUD changes, enabling quicker processing and flexible payment terms.
MENTIONED IN THIS ARTICLE
Veterans Administration
Federal Housing Administration
FHA
Banco Mortgage Co
Dick Abel
Banco
Department of Housing and Urban Development
Oil price war fears push U.S. markets lower
Fears of an oil price war sparked a broad stock selloff in New York and on the American exchanges. The Dow fell 12.42 to 1080.40 while the NYSE index slipped to 84.06 and NASDAQ dropped 2.12. Major oil stocks led declines as investors anticipated further cuts by OPEC members and weaker inflation.
MENTIONED IN THIS ARTICLE
Mark Haynes
Midland Financial Savings and Loan Association
New York
UPI
Dow Jones
Dow
New York Stock Exchange
Britain
Nigeria
OPEC
Persian Gulf
Saudi Arabia
Des Moines Register and Tribune Co. posts 1982 loss
The Des Moines Register and Tribune Co. reports an $816,000 loss for 1982 with revenues at $90.7 million, up from $89.4 million. Fourth quarter net income fell to $294,000 from $420,000 a year earlier, amid charges tied to closing the Des Moines Tribune.
MENTIONED IN THIS ARTICLE
DES Moines
Des Moines Register and Tribune Co
Des Moines Tribune
Cedar Rapids executive presses fair trade in steel debate
Arthur W. Davidson president of Midland Forge tells the Congressional Steel Caucus that American metalworking firms need fair competition and oppose unfair practices. He cites downstream dumping, subsidies and currency tricks and warns jobs and defense bases could erode without level terms. Davidson leads the Metalworking Fair Trade Coalition representing 26 trade groups and 25,000 plants in the US and Canada.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Congressional Steel Caucus
Arthur W. Davidson
Midland Forge
Davidson
Metalworking Fair Trade Coalition
House of Representatives
the Gazette Tuesday
United States
Canada
Treasury bill yields fall after weekly auction gains
Short term T bills sold by the government Tuesday show lower rates. Three month bills averaged 7.888 percent discount, six month bills 7.973 percent, versus prior week 8.256 and 8.389 percent. Actual returns estimated at 8.16 percent and 8.42 percent respectively.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Savings and Loan
Savers Scorecard on Certificate Rates
Savings institutions may pay up to 7.888 percent on three month certificates, down from 8.256 percent last week. Small saver notes at 24 years could yield up to 9.9 percent from banks and 9.65 percent from commercial banks with a $2,500 minimum for three and six month terms. No government minimum for the 24 year certificates.
MENTIONED IN THIS ARTICLE
S&ls
Brenton Banks Reports 16.9 Percent 1982 Earnings Drop
Des Moines based Brenton Banks Inc. reports 1982 net income of 4.9 million, down from 5.9 million in 1981. Earnings per share fall to 2.72 from 3.34. Chairman William H. Brenton cites weak economy, reduced activity, and high borrowing rates as reasons.
MENTIONED IN THIS ARTICLE
DES Moines
UPI
Brenton Banks Inc
William H. Brenton
Also Mentioned on This Page
C.A
Brad Condon
American Federal Savings and Loan Association
Dave Lodge
Perpetual Savings and Loan Association
Abel
Bob Sippel
Farmers State Bank
Sippel
Haynes
PAN American
Gulf and Western
G&w
Charles G. Bluhdorn
Exxon
Schlumberger Ltd
Long Island Lighting
At&t
Texas Instruments
International Business Machines
IBM
Frank T. Cary
Dome Petroleum
Texas Air
Cyprus Corp
National Association of Securities Dealers
David Kruidenier
Des Moines Register
Midstate Airlines
Wisconsin
C.R. Executive
Brenton Bank
Tandy Corp
First Ave
S.E
Downtown
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!