How Are You Dealing With Increased Rates?

[Chang Hee Lee]

I was working with some investors yesterday and were calling some of the local banks in town. Thank God owner-occupied loans are still under 5% but I had some lenders quoting us 6% on a fixed 30-year for investment property. Just wanted to see how everyone else out there is adapting to these changes as the Fed is pretty confident on a total of four rate hikes this year (yikes!).

[Russell Brazil]

You havent been in the game that long I take it, because historically 6% is still a very very low rate.  It wasnt that long ago, just over 10 years when the owner occupied rate dipped below 6% level for the first time, then 5%.  in the 7% range is what was typical for most of the 90s for an owner occupant.