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Updated over 6 years ago,
Rates for 30 yr investment loan
Hey everyone! With excellent credit why am I being quoted at 6.5% for an investment property, (non owner occupied, 20% down 30 yr mortgage). This seems very high to me. Comparing apples to apples what is everyone else getting these days? Note that I have a property under contract to sell and the new buyer is getting a rate of 5.375% for non owner occupied with 25% down, 30 yrs. The differences are 1. the lender and 2. the amount down, however 5.375 to 6.5 YIKES!!!!!! Tell me what you guys are currently getting. Thanks in advance.