Good Day for Mortgage Rates

By
Mortgage and Lending with American National Bank-Lynchburg, Virginia

Finally.  After a couple weeks of rising interest rates, we finally saw some relief in the interest rate markets today.  We experienced rate cuts 3 times today from our investors.

From what I have been reading, I think rates could fall back to the levels we saw 3 weeks ago when they bottomed out.  If we can see sustained levels of low interest rates, that hopefully will be the catalyst to get the housing market moving again!!!!! 

 

 

Comments (1)

Debbie Malone
Londeree's Real Estate & Property Management - Lynchburg, VA
From Lynchburg To The Lake (434) 546-0369

Jay, that IS great news. Now if we can just get the buyers to sign the contract we'll be in business!

Jan 27, 2009 10:06 AM