California's Continuing Need for Mortgage Capital.

The article discusses the financing of mortgages in California in 1967 using information gathered from the period of 1950 to 1965. California's growth during the period has been funded largely by investments made from "foreign funds" originating outside the state, since the state has grown faster than internal savings can fund. The use of funds from outside the state means that California has had to pay higher mortgage interest than the national average. The author predicts the mortgage and housing markets in California for 1970.