COVID-19 impacts rates significantly daily

[Mo Muigai]

As the corona virus 🦠 continues to disrupt industries, it has affected mortgage rates for the “bad”. last month I got a property at 3.5% on 30y. Currently at 4.0 investment property @30y. I’m closing on a triplex and my banker called to tell me rates went up by 1% of what we were anticipating in just 4 days!.... should I hold off? Take it as is? Is it going to go higher? Lower?

What are you guys doing?