Is the interest ever going to come down?

[Cheza M.]

Hi BP Community,

I’m planning to buy my second turnkey property, but I’m a but hesitant because the lenders are on par for rates and no one is giving any fixed rates right now until they hit underwriting. The down payment would be 20-25% since it’s an investment property and I was given rates about 5.75-6.1. Are these the avg. rates for investment proeprties nowaways? Do you think the rates will ever go down again once inflation ends or are they still going to stay around those rates or climb up higher? Thank you guys in advance for your knowledge and suggestions!