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Updated over 7 years ago on . Most recent reply

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Zach Bartelt
  • Professional
  • Los Angeles, CA
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What are you seeing for interest rates on a duplex?

Zach Bartelt
  • Professional
  • Los Angeles, CA
Posted

I am looking into buying a duplex in a nicer neighborhood of the Milwaukee area. I have great credit. The price would be around $160k and I would put 25% down. I recently got quotes from a mortgage broker and they came back at 5% with $5,000 in closing costs. This seems ridiculous to me. Am I right or are these the going rates in today's climate?

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Shawn Ackerman
  • Real Estate Entrepreneur
  • Mid West, East Coast
1,272
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3,044
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Shawn Ackerman
  • Real Estate Entrepreneur
  • Mid West, East Coast
Replied

@Zach Bartelt interest rates are still low with conventional lenders.  We are seeing anywhere between 4.75 - 5.35% on 30yr fixed.  Lender closing costs in the ball park of $2.6K - $3.2K.  All the best

  • Shawn Ackerman
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