Business: Cheaper Mortgages

One of the U.S. economy's sturdiest pillars in 1958 got still another buttressing last week. To President Eisenhower went an anti-slump bill designed to pump up to $1.85 billion in Government funds into the housing market, already clipping along toward 1,050,000 new housing starts this year. Its goal: to raise the totals by another 100,000 houses, create 500,000 new jobs this year, and lay a solid floor under those sagging industries that lean heavily on home construction—appliances, lumber, transport, etc.

The program, scheduled to be signed into law this week, aims its main help at the mortgage market, where tight money pinched...

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