SACRAMENTO, Calif. -- The newly approved increase in the loan ceiling for mortgages to veterans is helping families to graduate to the next level of homes, stimulating the housing market from the bottom up, say California mortgage brokers.

According to Pamela Strickland, president of the 2,500-member California Association of Mortgage Brokers, the increased ceiling of $203,000 approved by President Clinton will play a part in an improved housing picture for California in 1995.

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