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!
This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Nov 23, 1979
Page
4
New York reports the holiday season could be the toughest in years as high interest rates and inflation squeeze spending. Consumers cut savings and defer big purchases while credit remains a factor. Merchants may respond with aggressive discounts, hoping mood and finances tilt toward stronger sales despite monetary restraint.
The Morgan Guaranty Survey foresees a sharp drop in housing activity due to current interest rates, while predicting long term strength from mortgage backed securities. Pass-throughs pool mortgages and pay interest and principal to institutional investors, linking the mortgage and bond markets and expanding national reach.
The article assesses higher pass through yields tied to mortgage rates, notes state usury limits and buyer resistance may curb increases, and predicts a near term contraction in mortgage credit and housing activity. It also envisions mortgage backed securities and private mortgage insurance rising, with potential government retreat from guarantees to focus on deteriorating inner-city housing.
The Associated Press reports Maryland department store chains expect sweaters heavy robes and velour items to sell well this Christmas season as inflation pressures gift budgets. Prices near 1978 levels aim to keep shoppers price conscious with overall sales rising 6 to 8 percent mainly from higher volume. Jewelry with gold and silver may slow as prices rise.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.