Cash Out Refinance Rates?

[Belinda M.]

Interested to do a cash out refinance on my rental property. I currently have 3.875 fixed 30 year. I was wondering if I can get any rates lower. What’s the going rates to refinance investment property? The rental property is in California. Thanks in advance.

[Daniel Kim]

I just did a cash-out refinance on one of my California rental properties from Sep-Nov and it was at 3.5%. I would assume it depends on your credit, equity, etc. My mortgage broker also went with a bank who she thought could get the job done (as opposed to the very lowest rate and dragging it out forever). I actually found her off of BiggerPockets so let me know if you want her info.