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Mortgage and Building Loans Tighten Up.
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- Additional Information
- Subject Terms:
- Subject Terms:
- Abstract:
The article discloses the increase in mortgage and property loans in the U.S. Mortgages of U.S. Department of Veterans Affairs and U.S. Federal Housing Administration with arranged rates at 4 and 4.25 percent had declined, which construction loans had increased its price by 5 to 6 percent. These rate hike had caused U.S. banks to sell loans at discounts ranging from 1 to 6 percent.
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