European Stars And Stripes (Newspaper) - August 31, 1986, Darmstadt, Hesse                                Page 4 the stars and stripes sunday August 31,1986 . Mortgage rates return to single digits Washington a Home mortgage rates have fallen into single digits again and Many economists arc predicting they Are Likely to stay there for some Lime. The Federal Home loan mortgage corp. Saturday said its nationwide average for a 30-year, fixed Rale mortgage dropped to 9.93 percent in the latest weekly Survey. That was Down from 10.04 percent the week before and marked Only the second period in the past eight years when rates have dropped below 10 percent. Rates also edged into single digits for five weeks in april and Early May hitting a Low of 9.86 percent before rising. While economists Are not predicting fixed rat mortgages will drop below 9 percent Many Are fore casting further declines to perhaps As Low As 9.5 per cent. I believe rates will Settle into a Range of 9.5 percent to 9.75 percent and stay there for the rest of this year and he first part of next year predicted Michael Lea chief economist for the mortgage corporation popularly known As Freddie Mac. The fed has Cut its discount Rale a key Bank lending rate four times this year in an Effort to Jolt the . Economy out of the doldrums. Economists say he lower rates should help stimulate Home sales. They say this has already occurred in sales of existing Homes which Rose 1.8 percent in july the first increase since april. However the govern ment Friday reported sales of new Homes continued to slide in july dropping for the fourth straight month to the lowest sales Pace since last tall. The Freddie Mac Survey is based on a conventional loan where the Homeowner makes a Down payment of 20 percent. The Survey showed mortgage rates a year ago were 12. Ii percent. Anchored to . History Nancy Foster in official of the National oceanic and atmospheric administration shows off in Washington the Anchor of the Union forces civil War ironclad Monitor. The Anchor was raised from the Monitor s wreckage off Cape Hatteras , la 1983. It is being pot on display at the Agency. Reagan Cas workers America s greatest resource Santa Barbara Calif. A president Rea Gan saturday saluted America s working men an women and promised that final passage of major tax overhaul legislation would Rev the engines of the . Economy and create More jobs. In his weekly radio address broadcast from his Mountaintop ranch the president cited economic news be said is Good Tor America s workers. Noting that monday Marks the 92nd Observance of the Tabor Day Holiday Reagan also proclaimed that America s greatest resource of All is America s work ing men and women. With 45 straight months of economic growth and the creation of Over 10.s million jobs America s workers once again can have Faith in the future. The know they la get a fair Reward for their labor and that More and More of their paychecks won t be swallowed up by big government Reagan said. Record breaking ride Dwight Mitchell 40, of Dayton Ohio sits on us motorcycle in Berkeley Calif after a fast ride from new York City to san Francisco. He travelled across the continent to the record time of 66 hours and 52 minutes. Mitchell broke his own Cross country re Cord by almost eight hours. He did not mention any economic problems such As the nation s record Trade deficit. Reagan said the Best answer for the Economy is the tax overhaul package awaiting final approval in Congress. By cutting tax rates we re going to Rev the engines of  and Job creation. We re raising exemptions for dependents and giving families a Long overdue break he said. Priest appeals attempted firing Washington a the Rev. Charles Curran declaring hell be a Catholic theologian no matter what happens said saturday he is formally appealing the Vatican s attempt to fire him from the theological faculty at Catholic University. The embattled priest whose dissent on sexual issues led to the Vatican action that is unprecedented against an american said he has written to the University s Chancellor requesting that the school s internal appeals process be put into effect. As part of my theological Enterprise i will continue to work for the legitimacy of theological and practical dissent from some non infallible Church teachings and for the importance of academic Freedom for Catholic institutions and for Catholic theology he Laid in the statement. Vatican officials say their statement approved by Pope John Paul ii Means Curran can no longer teach As a Catholic theologian thus he cannot retain Bis position As professor of moral theology at the school. And that stand has been publicly supported by Bot the University s Chancellor. Archbishop James Hickey and its president the Rev. William Byron. Curran has said that the Vatican has exaggerated his dissent on such issues As birth control abortion divorce and homosexuality and that his disagreements have been limited respectful and proper. He has also raised the possibility of going to civil court if he cannot win his Case within the University and he said he has retained a lawyer