Business: Housing: Easier Credit

For the millions of Americans who dream of buying a house, and for the thousands of builders who yearn to sell to them, the deep two-year decline in the housing industry could be ending. Mortgage money is again amply available after being painfully short most of last year. Deposits in savings and loan associations exceeded withdrawals by $3.1 billion during January. The new surge of money into S and Ls reflects in part the drop in interest rates on short-term investments like federal notes, which were attracting cash out of thrift institutions.

In some cities, lenders are phoning real estate brokers with...

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