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High mortgage rates seen sticking as inflation lingers
New York experts say mortgage rates between 1 and 9 percent will drift higher through spring due to persistent inflation. Despite costly loans, U S home buying remains strong with projected 1977 sales near 3.5 million and 1978 around 4.8 million. Prices for new and existing homes rose sharply, pushing need for more mortgage funds.
MENTIONED IN THIS ARTICLE
New York
Saul B. Klaman
National Association of Mutual Law FN
U.S
Fase
Federal Housing Administration
Veterans Administration
Kenneth J. Kerlin
National Association of Realtors
Kerlin