FHA VA loan rate ceiling rises to 84 percent
Washington AP reports the maximum interest on FHA and VA home loans will be boosted to 8 1/2 percent starting next Monday, up from 7 3/4 percent. Secretary George Romney says the move helps prevent mortgage funds from drying up despite higher market yields and rising discount points. Critics warn higher rates worsen housing costs and inflation, with some states already banning 8 percent caps. New loans after January 5 will face higher payments, though existing 8.2 million loans remain unaffected.
MENTIONED IN THIS ARTICLE
Washington
FHA
George Romney
Federal Housing Administration
Veterans Administration
Romney
Mortgage Bankers Association of America
National Association of Home Builders
Robert H. Pease
Mortgage Bankers
Louis R. Barba
Home Builders Group
Congress
Barba
Federal Reserve Board
Pease
Indiana
Mississippi
Missouri
Ohio
South Dakota
Virginia
District of Columbia
Secrecy Hovers Over Agnew Viet Visit
Saigon prepares for Vice President Spiro Agnew amid security blackout on communications during his New Year visit. He arrives from the Philippines late tonight or Thursday, to meet U.S. and South Vietnamese leaders and visit troops, with RCA signaling a temporary radio shutdown.
MENTIONED IN THIS ARTICLE
Saigon
Spiro T. Agnew
Nixon
Asia
Philippines
U.S
The
Radio Corporation of
Nguyen van Thieu
New Year Starts Cold in Lawrence With Light Snow
Lawrence sees subfreezing start to the new year with temperatures in the teens and light snow flurries. Snow from Monday remains on side streets as forecasts call for clearing this afternoon then clouds tonight with a chance of light snowfall. Temperatures will dip to the teens tonight and rise to the 30s Thursday.
MENTIONED IN THIS ARTICLE
Lawrence
Prescription Service Ad From Raney Pharmacy
An advertisement urges patients to bring their prescriptions to Raney Pharmacy in the prescription department. It claims they fill doctors prescriptions regardless of location.
Five French Gunboats Sail To Haifa For Oil Venture
Five French built gunboats sailed from France to Haifa where Israeli crews prepared to support an Israeli American offshore oil drilling operation. The ships arrived in waves after a victory salute from Israeli jets. French officials reportedly knew of the move in advance, while the boats were said to be sold to a Norwegian company.
MENTIONED IN THIS ARTICLE
Haifa
France
Mediterranean
Oil Company
Metivei MexiCo
Cherbourg
Mitchell Charged in My Lai Case at Fort Hood
Sgt. David Mitchell faces court martial on charges of assault with intent to commit murder for allegedly firing on Vietnamese civilians during the My Lai massacre. Maj. Gen. John K. Boles Jr. ordered the proceeding. date to be set after legal teams prepare. Mitchell, from St Francisville Louisiana, remains free pending trial.
MENTIONED IN THIS ARTICLE
FT. Hood
Tex
David Mitchell
My Lai
Vietnam
Mitchell
Pentagon
John K. Boles Jr
1St Armored Division
Ficer
Texas
St. Francisville
Tam
Army
One Day Truce in Vietnam Amid Heavy Fighting
American and South Vietnamese forces pause major combat for a 24 hour New Year truce after reporting more than 200 enemy casualties. Despite the pause air and artillery operations halt except for reconnaissance. B52 raids continue on routes in Laos and the A Shau Valley near the Laotian border. Two Americans killed and three wounded in engagements during the period.
MENTIONED IN THIS ARTICLE
U.S
South Vietnam
Laos
Perot Drops Plan to Fly Gift Packages to Moscow Prisoners
Texas billionaire H. Ross Perot abandoned his effort to air 9 000 gift packages to Moscow for U S war prisoners in North Vietnam. He failed to reach Soviet leaders and faced a Soviet demand for U S government clearance before any private mercy flight could be discussed.
MENTIONED IN THIS ARTICLE
Copenhagen
Denmark
Texas
H. Ross Perot
Moscow
U.S
North Vietnam
Alexei N. Kosygin
Communist Party
Leonid I. Brezhnev
Perot
Kosygin
Dallas
Snow Storm Whips North Across Northeast Today
A winter storm lashed the Northeast with snow and freezing rain creating hazardous travel in New York and New Jersey. Six inches could fall in western Massachusetts as New England remains lit with heavy accumulations from the Christmas weekend storm. The Weather Bureau tracked a center off New Jersey moving toward Cape Cod, with single digit temperatures expected in northern areas.
MENTIONED IN THIS ARTICLE
New York
New Jersey
New England
Boston
Massachusetts
Connecticut
Weather Bureau
Cape Cod
Most Residents to Get Day Off on New Year's
Lawrence residents will have Thursday, Jan 1, 1970, as a holiday with offices banks and stores closed. The Douglas County Courthouse and Lawrence City Hall will shut, the Lawrence Public Library closes early and post office service is limited. Most shops plan normal Friday hours with some larger stores open Thursday until 6 pm. The Journal World prints a New Year edition and closes circulation at 1 pm.
MENTIONED IN THIS ARTICLE
Lawrence
Douglas County
Lawrence Public Library
Lawrence Drug
Journal-World
Vickers Memorial Lecture Series Initiated at KU
Kansas University creates the J. A. Vickers Sr Memorial Lecture Series funded by Mrs. S. A. Springer and eight Vickers children. The program will host national speakers debating topics vital to a free society, with selection by a joint committee and KU Endowment circulation of lectures to spur public discussion.
MENTIONED IN THIS ARTICLE
Vickers
Kansas University
J. A. Vickers Sr
Kansas
Free Society of America
Kansas University Endowment Association
S. A. Springer
Helen E. Vickers
Schools of Engineering, Business and Law
Vickers Trust
KU Endowment Association
John F. Eberhardt
Wichita
Kansas Board
Also Mentioned on This Page
Agnew
America
Manila
Israel
Starboat I
Cherbourg Port
William L. Calley Jr
Wotta
Melvin Clark
Decatur
Shirley
Dow Jones
Philip Montgomery
Meg
Flip
Cindy
Journal-World Photo
Rumsey Funeral Home
Via
Ady
Ramade Inn
Warring
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