Rising mortgage rates

[Mike Adams]

Has anyone in the NYC area been able to lock down decent mort. rates? I'm seeing 4.3% - 4.6% for 30 year am.  When the house has a 6% cap, it is becoming harder to find numbers work with the .5 - 1% increase in rates.  What are you seeing and doing with the rising rates?  

[Mike Adams]

Originally posted by @Russell Brazil:

Yet somehow not that long ago we seemed to make the numbers work on 6 caps when interest rates were 5% 10 years ago.

 Yep, but prices were a lot lower then too.