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Land Bank Lowers Rates for Farmers Nationwide
Federal Land Bank President Warren R Fankhanel announced a September 16 1963 rate cut from 6 to 5 1 4 percent on new loans and a 5 1 2 percent voluntary reduction on existing 6 percent loans. The move aims to provide mortgage credit at lowest cost while saving about 325000 annually for farm owners in the region. The Lancaster association notes the reductions affect loans totaling 3 628 000 within its area.
MENTIONED IN THIS ARTICLE
Warren R Fankhanel
Federal Land Bank of Baltimore
Fankhanel
Land Bank
Federal Land Bank Associations
Pennsylvania
Maryland
Dela
Paul B. Whipple
Federal Land Bank Association of Lancaster
Lancaster Association
West Roseville Road
Lancaster
Farm Bureau
17Th
Cumberland Street
Lebanon