Mortgage Rates - Cincinnati

[Michael Burke]

I recently contacted a bank about getting pre-approved for a loan on a 2-4 family property, and these are the rates I was quoted:

- Fixed would require 25% down; ARM would require 20% down

- 30yr fixed is currently at 4.25% but would require points of 3.125% (could buy down points by going with a slightly higher rate)

Do these rate look competitive for the area? Or should I shop around?