If they have a good interest rate it might be worth looking to see if you could assume their loan to take advantage of the lower rate.  

I have observed building owners in lower tier Fishtown locations and developing areas of Kensington, Brewerytown etc. pivot to the HCV program to meet lease up objectives and avoid defaulting on their loans.

If you are borrowing $150k, rates will not likely drop enough for you to justify a refinance due to lower rates.

There are some zip codes where you can indeed get above market rent with S8 (even after deducting utility allowance), but some where they are lower.

If the loan amount you are looking for is small relative to the value of the first and the second property combined, they are very well secured on a LTV%; ask for a 1% point lower rate.If you don't want to Cross Collateralize, do you have any CD's or MM you can transfer to this bank as collateral. 

In a market like this where properties are sitting a bit longer, buyer demand is kind of stagnant, many appraisals have been coming in lower than anticipated.

.$300k mortgage at 7.25% (30-year): $2,046$300k mortgage at 7.6% (40-year): $1,996Technically, it lowers the monthly, but not by much once factoring in the rate adjustment.

All else being equal, lower mortgage rates reduce the cost of ownership and, thereby, allow more people to afford to buy.

I haven't seen prices drop too dramatically but I have seen homes in my buy box sitting on the market longer and some lowering prices. 

With the fund I used, they had a month where they had a few defaults, the return was a bit lower, and they sent out an email apologizing for the lower yield.