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Article: NOVEMBER METRO THRIFT MORTGAGE CLOSINGS RISE
- Article from:
- THE JOURNAL RECORD
- Article date:
- January 9, 1986
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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Total mortgage loans closed by Oklahoma City savings and loans in
November were up 15.17 percent from November 1984, ac cording to the
monthly financial data report issued by the Federal Home Loan Bank of
Topeka.
Oklahoma City savings and loans closed $29.6 million in mortgage
loans in November 1985, up from $25.7 million a year earlier.
Mortgage loan closings were down 1.98 percent from October,
however, when the figure was $30.2 million.
The figures illustrate what many are touting as a "buyers market"
for residential real estate, according to Michael L. Toalson,
president of the Oklahoma League of Savings Institutions.
"It appears that many individuals that have had to sit on the
housing ...