Reported by Star-Bulletin staff & wire
Thursday, April 10, 1997
WASHINGTON - Thirty-year fixed-rate home mortgage rates fell to 8.15 percent from 8.18 percent last week, according to a national survey released today by the Federal Home Loan Mortgage Corp. Mortgage rates fell
to 8.15% this weekThe survey also found that the average one-year adjustable mortgage rate rose to 5.91 percent, up from 5.80 percent a week earlier. Fifteen-year mortgage rates averaged 7.67 percent, down from 7.70 percent.
With "businesses helping businesses" as an unofficial theme, some 200 exhibitors will take part in the Chamber of Commerce of Hawaii's trade show, "Small Business on the Move," May 7 at the Blaisdell Center Exhibition Hall. Isle trade show set
for small businessesThe displays will feature a wide range of products and services designed to help businesses improve their bottom line, the chamber said.
George Mason, columnist and publisher emeritus of Pacific Business News, will be keynote speaker at a chamber-sponsored luncheon.
Sponsors of the 8:30 a.m. to 7 p.m. free show are Bank of America Hawaii, Kaiser Permanente and PrimeCo Hawaii.
NEW YORK - Tele-Communications Inc., will not proceed with the spin off of its Liberty Media programming arm and its international unit after the Internal Revenue Service declined to make the transaction tax-free. In other news . . .
The nation's largest cable operator announced in December that it would split up its operations partly to stem losses and reduce debt.
At the time, TCI said the ultimate decision would hinge on a number of factors, including board approval and a favorable tax ruling by the IRS.