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Updated over 6 years ago on . Most recent reply

User Stats

33
Posts
31
Votes
Jason C.
  • Rental Property Investor
  • Merrick, NY
31
Votes |
33
Posts

Current investment property rates.

Jason C.
  • Rental Property Investor
  • Merrick, NY
Posted
I’m looking for some help here on what you’re getting for current rates. I just went into contract on a SFR and I’ve been using with the same broker for the past 12 years and we’ve closed 8 deals and I’ve referred 2 other loans that they closed in the past. I noticed on bankrate.com that the current 30 year fixed for a personal home is at 4.40%. Now in the past this broker I work with would always be .5% above the current rate for an investment property. Today he quoted me a 5.25% and I’m outraged. I’ve given them plenty of business and intend to give them more but I don’t appreciate the extra .25% they are tacking on. My question to the community is do other investors here usually get a rate like I have in the past, .5% above the going rate on a 30 year fixed, or do you get something different? Looking forward to your answers, thank you! Not sure if I should ditch my broker.

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