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Fight Looms On Ceiling For Home Loan Interests
North Carolinians face higher home loan costs as advocates push to reinstate an 8 percent ceiling on conventional first mortgages. The move, opposed by lenders, would extend the ceiling suspension until June 30, 1975, amid reports of rates climbing to 9 and 10 percent and a statewide slowdown in new loans.
MENTIONED IN THIS ARTICLE
Raleigh
N.C
Lillian Woo
Consumers Center of North Carolina
General Assembly
Dan Lilley
D-Lenoir
North Carolina
FHA
H. W. Wentworth
Greensboro
North Carolina Savings and Loan League
Wentworth
Charlotte
Wilmington Savings and Loan Association
Lilley
Lilley Said the Fact That Rates Have Come Down Indicates the Savings and Loan
Federal Home Loan Bank
Atlanta
Savings and Loans
Woo
Savings and Loan
Federal Reserve Bank For Savings and Loan Asso
Ciations
Federal Treasury
Federal National Mortgage Corp