July 02, 2009

Mortgages offered at less than market rate  07/02/09 12:01 AM

Central Virginia Bank is offering a below-market interest rate of 4.363 percent on 30-year fixed-rate mortgage loans up to $534,000. But the rate is available only on the purchase of speculative homes financed by the Powhatan County-based bank, any pre-sold home that will be built on a lot financed by the bank and any bank-owned residential real estate.

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