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Updated almost 3 years ago on . Most recent reply

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166
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Heidi Kenefick
  • Rental Property Investor
  • Hartford, CT
161
Votes |
166
Posts

Interest rates seem through the roof!!!

Heidi Kenefick
  • Rental Property Investor
  • Hartford, CT
Posted

I have spoken to two lenders this week and interest rates are so high compared to even a couple of months ago. In October I refinanced for 3.125 on a rental, in February I got a rate of 4.125 on a rental and now I’m being quoted 6% with $12,300 for the discount points! Ouch! This is crazy. My lender said it is because the fed is doing a sell off of securities and it is causing an increase of 60-70 basis points per day.

Anyone else seeing this? It seems like no one is talking about this?

Most Popular Reply

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17,456
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30,144
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,144
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17,456
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Interest rates are still lower than when I bought my first bunch of properties.

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