Lenders Split On Mortgage Rates Amid Inflation Pressures
Area bankers real estate officials report mortgage costs may rise as President Carter mentors dollar strength. The Fed raised the prime rate to 10.5 percent and conventional new-home loans averaged 9.84 percent in October, with lenders cautious about future moves while buyers react to price inflation and potential rate hikes.
MENTIONED IN THIS ARTICLE
Carter
Federal Reserve Board
Chronicle-Telegram
Jim Collier
Elyria Savings & Trust Co
Federal Home Loan Bank Board
Bob Manion
First National Bank of
Elyria
Leonard J. Held
Citizens Home & Savings Association Co
Lorain
Amherst
Collier
Jobless rate dips slightly amid growth in new hires
Washington AP reports October unemployment fell from 6.0 to 5.8 percent led by gains for adult women with 95.2 million employed nationwide and 35.7 million women over 20 in work. Industry strength in airline construction and services boosted job creation. earnings rose 0.9 percent for production workers to $5.86 per hour.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Reinstate Oberlin officer under retirement agreement
Oberlin Police Sgt. Eugene Barlow, fired May 16, 1977 for misconduct in the April 12 arrest of James Gilliam, is ordered reinstated by Judge Floyd D. Harris under a retirement agreement. He will receive back wages, benefits, and Blue Cross coverage from dismissal date, with resignation to be effective June 1 1979. sick leave and biweekly salary of 575.63 through retirement, city to fund pension and health costs. Gilliam's father was wounded in the gun battle. a $7.5 million suit followed against Barlow and others.
MENTIONED IN THIS ARTICLE
Oberlin
Eugene Barlow
Thomas Dalton
Common Pleas
Floyd D. Harris
Barlow
Dalton
James F. Gilliam
Lincoln St
Eugene Gilliam
Barlow James E
Blue Cross
Gilliam
Tom Matthews
Common Pleas Court
Oberlin Civil Service Commission
Idi Amin offers boxing match to settle Nyerere dispute
Ugandan President Idi Amin proposed a boxing match to settle the Tanzania Uganda border war with Tanzanian President Julius Nyerere refereed by Muhammad Ali. Amin suggested the fight, staged on Amin’s ball court, as a lighter alternative to ongoing battlefield casualties amid claims of Tanzanian oil annexation.
MENTIONED IN THIS ARTICLE
Nairobi
Kenya
UPI
Idi Amin
Julius Nyerere
Muhammad Ali
Amin
Bob Astles
Uganda
Nyerere
Tanzania
Weather forecast: cool tonight with low near 40
The preview calls for a cool night with southwest winds around 10 mph and a near zero chance of rain. Thursday will be sunny with a high near 64 and a low around 29. Details on page B-6.
Man 23, admits to 231 burglaries across three counties
A 23 year old Lorain County resident has admitted to 231 burglaries since May 1976 across Lorain Cuyahoga and Medina counties. Tens of thousands of dollars in items including weapons clocks stereo equipment and building materials were taken. He is jailed in Medina County and will be shown evidence at the next grand jury. Detectives Gale and Zieba led the investigation and linked stolen goods to a Brunswick suspect Richard Nemoski 31. A raid at Nemoski's home recovered about 50 weapons 12 antique clocks and two vans full of loot.
MENTIONED IN THIS ARTICLE
Lorain County
Lorain
Cuyahoga
Medina
Medina County
Hinckley
Sheriff's
Ralph Gale
Henry Zieba
Gale
Brunswick
Zieba
Richard Nemoski
Miner Drive
Nemoski
Rose and Rose top free agent draft picks
The Mets won the first pick in the third annual free agent draft by finishing last season. Pete Rose was the top choice among 42 free agents, with John Rose among the most popular selections as five teams picked both. Seattle took Lee Lacy second, Atlanta claimed Rose again, Toronto chose Jim Slaton, and St Louis picked Tommy John.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Mets
Pete Rose
Cincinnati Reds
Mets
Frose
Seattle
Mariners
Lee Lacy
Los Angeles Dodgers
Rose
Atlanta
Toronto
Jim Slaton
Detroit
St. Louis Cardinals
Tommy John
Dodgers
Also Mentioned on This Page
Robert Penick
Donald Rothgery
Lorain County Realty Co
Lorain County Board of Realtors
Commerce Department
Wallace Lake
Berea
John Kenney
Rocky River Reservation
Cleveland Metroparks
Harris
The
C T Today
Idi
Astles
Muhammed Ali
Ali
Abby
Eaton
Columbia
Grafton
Col
Carol Lyon Gonzalez
C-T
John
Encore
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