Fed rate means nothing at this moment.  

What about usury laws for owner occupied homes for firsts? 

The APR is the interest rate plus fees like origination fees, discount points, and mortgage insurance, annualized.  

While markets had anticipated the first rate cuts as early as March or May, those expectations have now shifted to June or September.

Quote from @Dinesh Nair: I am a Canadian investor with a US corporate entity- we closed on our first property and now working to find financing through a lender… however rates keep changing all the time.. is there a site to track rates ? 

It sounds like you’ve built a strong foundation with your first rental—locking in a 2.25% interest rate and pulling in $4,500 in rent is a great position to be in.

Her rates for rent are in the 1300s on up.

The rates vary throughout the State because of the different millage rates and tax districts, but in Richland County for instance, the taxes essentially triple once it goes from legal resident to non legal residence. 

Hey everyone, a new development in the area where I invest, is offering a 5.99% interest rate (conventional loan) and 2% of purchase price in closing costs.

First year was very rough with poor property management and tenants.