Show age je Freeze Should hould H Help lp Pt dent Richard Mis M M. pas pa's is i's S 'S price and wage freeze thy would have a settling lot on the whole economy K could further help Utah's cUon activity com com- lied Eldred L. L Waldron president of the Utah gs and Loan League r rruE ruE MOVE was a surprise the e whole nation but it long overdue said Mr aMron dron I feel a real bene- bene twill till ill come by the definite tita taken by the Adminis- Adminis OD on Q r I Mr r. r Waldron feels the action i b by the Administration shock shock the economy out of lion and inflation wont won't the home building inin inin mn in- in in n which insured gs s and loan associations ty an important role Utah's ed associations provide proximately 50 SO percent of N financing of new home Chases ses in the state fl l FEEL the momentum e filed led in the home building ess ess ti vill ill continue in fact dent Nixons Nixon's action Sun Sun- may even accelerate the ding industry b because cause now 0 e may be more solidarity the e dollar and more con con- y T in the economy Mr Waldron said The Presidents President's action did not cover a freeze on interest rates However Mr Waldron Waldron Waldron Wald Wald- ron said he could see no change in the interest pat pat- tern INTEREST rates probably did not need to be included in the freeze since they adjust adjust adjust ad ad- just with the economy and seek their own level he said So far as I can understand understand understand under under- stand there is no change in interest and dividend rates he said Insured savings and loan associations associations associations are already under ceiling ceiling ceil ceil- ing ng regulations established by the Federal Home Loan Bank Board UTAH'S insured savings and loan associations had hada a record of loans for new home purchase during during during dur dur- ing the first half haU of this year A total of new loans totaling were made If the momentum continues under President Nixons Nixon's new economic policy the dollar volume of new loans in Utah should set an time all-time high for 1971 Mr 1 Waldron explained |