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Updated 11 months ago on . Most recent reply
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Where to see rates
How can i see what rates are from investment property purchases? Im in the middle of buying a no owner occupied triplex and my lender locked in about last week.. i keep seeing stuff online about rates are dropping. I asked him about it and said something about rates dropped 3 days ago and got the low rate. Im just curious to see what its at now. I think i locked at 7.6% and paid like 3k in points and also saw 8.0% apr on contract
If i asked what the rates are at now does he have to tell me. I always feel like he beats around the bush when i ask..
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Its going to vary for so on private lenders/Non-QM or DSCR from lender to lender and more than conventional which is more standard among lenders.
https://www.mortgagenewsdaily.com/ is a good resource for generally daily/weekly moves in mortgage rates in general
https://www.google.com/finance/quote/FVX:INDEXCBOE?sa=X&... The 5-Year Treasury rate is generally the right benchmark for non-owner occupied Non-QM (assuming thats the direction you are in) - and rates will generally move in concert.
I'd be happy to look at your scenario and let you know opinion on if its in line with current rates - that being said, economic data has been brutal this week and yields have risen every day, so its unlikely that rates have gotten better since you locked in last week (if you got a true rate lock)