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With low interest rates fueling a nationwide housing boom, Virginia savings institutions made $543.8 million in mortgage loans in May, according to the Federal Home Loan Bank Board.
A survey of 67 institutions in the state shows they made $595.7 million in mortgage loans in April and $2 2 billion in the first five months of the . ear
'Uur institutions are fulfilling their traditional role of providing home finance for our community, " said Samuel W. Hi)l, chairman of the League of Savings Institutions.
“The-savings institutions have -
67.3%