30-year Fixed, Conventional Loan Rates?! WTF Mate?!!

[Chris V.]

Hey everyone, I searched high and low, and I cannot find anything that clearly indicates *today's* rates for conventional 30 year fixed loans for rental properties. Do you guys have a resource? i realize they change, and nothing is set in stone, but I'm looking for some benchmark I can use as a reference point.

Any suggestions on shopping for a good rate while also avoiding companies that suck to deal with?

Good hunting!

[Stephanie P.]

@Chris V.

Not to lecture here, but as you're building your empire, you should be accumulating a stable of "I got a guy's".  You know.  the "I got a guy" for this or "I got a guy" for that.  In that stable of guys (and they don't all have to be guys) you should have a guy that's your go to guy for mortgage rates.  You need to be able to call him/her at any time (be reasonable) and say "how can we get this deal done?" or "What could I get on this one?" or "What are rates doing?" @Chris Mason is absolutely right when he talks about "the" rate getting advertised being worthless for a variety of reasons, but it's primarily because everybody's situation is different and because every deal is different.  What if you have a deal where you can get some seller financing and it alters the ltv?  That changes the rate.  What if you're going to put more down on this one than the last one you bought.  That alters the rate.  What if the unemployment numbers come out and they're significantly different than "the market" thought they were going to be.  That alters the rate.

In all of those scenarios, you should have a trusted advisor you can call to ask questions, pitch a variety of loan structures and get a good answer on a ballpark rate (because until you lock, you just don't know).

Just one girl's opinion.  

Stephanie