Investment property lending freeze

[Kevin Lisewski]

I had been pre-approved for two investment property mortgages through Redfin mortgage. Today I checked rates on their site, and there were none even with great credit and a 25% downpayment.

According to my loan officer, Redfins investors are not purchasing investment or second home mortgages right now, and expect them to come back in about a month.

FYI that it looks like lending for conventional investment property mortgages is drying up.