Area Mortgages: Tighter, Costlier: The Nation's Housing Area Mortgages: Tighter, Costlier
Home buyerssnould be jrepared for slightly higher nortgage interest rates in he coming two or three lonthsÛÓand a few montage loan windows might be hut tight in the Washing-on area.</br></br>Strange as it may seem in period of apparent abundance of money at savings md loan associations, sev-iral Washington lenders lave actually stopped tak-ng applications * for new lorfgage loans, at any interest rate whatsoever. Oth-. ers S&Ls have jacked up their rates to levels certain to discourage some prospective home buyers, such as 9, 9.25 and 9.5 per cent.</br></br>Well, the mortgage market nationallyÛÓand Washington in particularÛÓare beset with a mild case of interest rate jitters.</br></br>Demand for new mortgage loans this spring has been heavy, causing thrift institutions to put out record or near-record levels of new loans. Some markets like Washington have had such tremendous calls on their fundsÛÓespecially for loans to buy exisnng (resale) homesÛÓthat S&Ls have found themselves deluged with application forms.</br></br>1 record levels of earlier this Although savings inflows | spring, lenders could keepare down ÛÓand that wor-!Û¢' up with the heavy loan de-ries any loan committeeÛÓ j. niand while maintaining or Jones said, ÛÏwe do have I even cutting mortgagemoney to lend. We just canÛªt rates.	get	it	out	We	canÛªt	physi-