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!!!!!
I have been in the mortgage / banking market in Lynchburg. for 13 years. We offer competitive mortgage rates and have all the programs needed in today's mortgage market.
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