3.25% 30 year fixed for a duplex (owner occupied / house-hack)

[Marcus Auerbach]

This makes me wonder where rates will go (and if the FED is backing themselves into a corner) - I work with a lot of house-hacking clients in Milwaukee and owner occupants usually get great rates and most importantly a low down payment for a small MF. That's normal and expected. But I thought this was a typo: a client just got a pre-approval from a local bank for a Freddie Mac loan with 5% down payment fixed for 30 years at 3.25% (read: Three Point Two Five Percent). Okay, you have to fall in a certain income bracket, but still...

I just did a commercial 7 year for 5.25% and thought I got a great deal... Where does everyone see rates go for the next year? 

[Marcus Auerbach]

@Susan Antani yes of course. Non owner occupied is 25% down on a conventional (30 year) loan.

@Chris Mason correct; we don't always get an eligable for this loan, but we are lucky in Milwaukee that the income limits on Home Possible still work for many of my typical house-hack clients (first time home buyer, single income, junior posission professional) 

@Nick Jahnke I believe Chris answered your question?