Realistic rates are in the high 6's and 7's US Commercial

[Stephanie P.]

I read a post today that said rates are in the 8-10% range.  They're not.  I haven't seen that from any wholesale lender I use and I do a lot of loans.  

I have seen high 7's on a cash out, multi-family to 75% LTV with a 683 mid score. Yes, I've seen that.

I've also quoted a purchase at 6.75% on a 30 year fixed at 70%.

Those rates are higher than we had in February, but they're not high.  The Jimmy Carter and early Reagan era had high rates.

How mortgage rates hit 18.5% — 40 years ago today – Orange County Register (ocregister.com)

Let's stop the panicking and get back to work.  Here are the positives.

By all accounts, rents are up.

By all accounts, prices have stopped their insane escalation and 

By all accounts, inventory is becoming available.