Mortgage rates surge in Maryland as lenders shrink
A Builders Bankers and Realtors survey finds Maryland lenders charging 17 percent plus for mortgages with 20 percent down, only 12 lenders still active, and many limiting to prior customers or FHA/VA loans. The average 10.3 percent rate far above February and March marks, with high money costs driving higher rates. Mortgage bankers report uncertainty about future trends amid scarce lenders and rising Treasury bill yields.
MENTIONED IN THIS ARTICLE
Maryland
Builders, Bankers and Realtors
Financial Services Guide
Veterans Administration
Federal Housing Administration
Guide
Baltimore Evening Sun
Bcra
Treasury
Treasury Department
Financial Guide
Savings Bank of Baltimore
Baltimore Federal Savings & Loan
Maryland National Bank
Market hits two year low as Dow sinks to 1978 low
New York stocks fell sharply on Monday, driving the Dow Jones average to 785.44, its lowest close since April 1978. The broad decline hit blue chip issues such as IBM AT and GM, with volume at 39.23 million shares as declines outpaced advances. The day reflected ongoing credit tightening and fears over the Iranian situation.
MENTIONED IN THIS ARTICLE
NEW York
Egypt
Momiay
New York Stock Exchange
NYSE
International Business Machines
American Telephone & Telegraph
General Motors
Terox
Exton
U.S
Mobil
Gulf Oil
Texaco
Standard Oil
Indiana
Homestake
USA
Hecla Mining
Standard & Poor
S&P’s
American Stock Exchange
Gulf Canada
Houston Oil & Minerals
Dome Petroleum
Resorts International
Amex
Service station profits soar in Maryland after gas crunch
Maryland dealers and oil firms dispute how much profits rose with some claiming doubling incomes while others say gains are exaggerated. Oil officials cite higher margins and shorter hours boosting dealer profit. drivers bear higher pump costs as stations trim hours and services. A Crown station operator in Baltimore notes bigger profits yet defends them as justified by economic factors.
MENTIONED IN THIS ARTICLE
Maryland
John Adkins
Exxon
House Economic Matters Committee
Annapolis
Adkins
Baltimore Sun
Charles Freitag
Baltimore
Crown
Vic Rasheed
Greater
Rasheed
Also Mentioned on This Page
Dow Jones
ATT Balt GE
Bleck Dr
Coca Kh
Fairchild Ind
Giastae
Gt A&p
Gulf Ol
Kmart
Marriott Corp
MD Nat Cp
Mercantile
No A Phil
Peop Dr
Potom el
Sebr Bep
Tandy -l
Warser L
Wash Gs Watkins J Th
Wests & Co
Frederick
Art Mangie
Seoend
Lana Sigman
James Hambrey
Vsecret
Wangie
Robert Ryan
Bill al
the News
Frederick, Md
Rediel
Frederick County
Francis Scott Key Mall
270
Bell
Kaynee
Patrick ST
American Cancer Society
Daffode
THE
Associated Press
Cumberland /Hagerstown
National Alliance of Business
Venice Inn
Hagerstown
Havre de Grace
William 5. Heanberger
Woolworth's
F.W. Woolworth Co
Hemneberger
Robert Harrie
Woolworth’s
A.J. Laberge
Washington
Heameberger
E.L. Weiss
Washington Area
Jan Chapman
FLOVA
South Market St
Carnee of Patrick
Eves
Sal
Robert Schoen
Jenkins Motors
Lest Bast
P. Deer
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