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Your Money Worth Tomorrow's Insurance Is Today's Housing Slump
Sylvia Porter argues 1966 credit squeeze hit housing hard making buyers and builders vulnerable. She forecasts easing in 1967 as federal policy shifts and Vietnam spending impact slack, with housing fueling demand and offsetting recession risks. Projections show mortgage rates around 6 percent, starts at 1.4 million by year end, and 300000 pent up homes by mid 1967. A prudent policy urges waiting for easier credit or securing a refinance option without penalty.
MENTIONED IN THIS ARTICLE
Federal Reserve System
Vietnam
Prudential Insurance Company ‘of America
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