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Updated about 5 years ago on . Most recent reply

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742
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Bruce Runn
  • Investor
  • Minneapolis, MN
925
Votes |
742
Posts

Interest rates on investment property?

Bruce Runn
  • Investor
  • Minneapolis, MN
Posted

Just financed a new SFH at 3% for 30 yrs, sold a duplex where the buyer is owner/occupying at 3.5% for 30 years but when I've talked to 2 banks about new loans/refi's on investment property and they are quoting 4.5-5.5% interest rates-anyone running into this/know why?

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