will the rate spike higher or will it freeze on the level achieved?)

And yeah it hasn't seen the big price spikes like some of the city neighborhoods have so cash flow is still plentiful there. 

Thank you, I am absolutely head over heels for her, but it's frustrating seeing her get in her own way.

I was told that I could only borrow $7600 due to my DTI ratio and the worst case scenario of the interest rate spiking to I believe 16%.

I think I will cool my heels just a bit, focus on becoming a great agent, and then venture out as I increase my knowledge!  

And I'd have to find other IRS write-offs to cover the annual rental profits.Some complicating variables to note: Since it's a beach house, the value has spiked far faster than the estimated worth of the other homes, a reality that surely will continue, since the coastline is shrinking, not growing.

You aren't the only one thinking this way; I've actually seen a spike in cash out refinances as rates have risen.

The problem now is that interest rates have spiked, and might actually price me out of any other loan for the next few months (in terms of DTI ratios).

Held flat for a while then spiked after Halloween.

@Derek Daun It can be difficult to determine the extent of a natural gas leak, as the mercaptans that it is spiked with can be detected at as low as couple of ppm.