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Good Day for Mortgage Rates

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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!!!!! 

 

 

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