HOUSE BUYING will be easier under new FHA regulations reducing down payments on old houses to level now prevailing on new houses. Instead of minimum down payment of 12% of first $9,000 of price, 27 % on rest, old-house buyer can now pay 7 % of first $9,000, 27 % on rest. On $15,000 house this means minimum down payment drops from $2,700 to $2,250.
NEW CAR OUTPUT begins as Ford, Chrysler, Studebaker complete model runs and join all other producers except G.M. in shutting down for the 1957 model changeover. Carryover of current...
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