Interest Rates on rental properties!!??

[Hunter Jones]

So I just purchased my first two units this month. One was a cash deal on a condo in a hot spot of town, the other is a 3/2 1770 sqft brick home on the other side of town. The 3/2 is financed for 30 years, but the interest rate is 4.8...my lender said the rate was so high because it wasnt my primary residents/ its a rental property. I am hearing that debt is cheap right now, but it doesn't seem to be in my case. I put 20% down and had to pay some kind of new FEE that the government put on secondary properties? What the heck am I doing wrong?