What's happening with Rental property interest rates right now ?

[Aaron Ta]

Hi 

Despite the 50 basis point drop from the fed earlier this week, I noticed a few lenders mentioned the rental property rates went up because of the uncertainty with the corona virus and the stock market.  Getting quote for 5.1% to 5.5% for rental properties. 

Does anyone know when these rates will come back down again? Or will it go up even more?

Any help appreciated. 

Thanks