What kind of mortgage interest rates are you getting right now?

10 Replies

 There may be something about your specific situation that your lender is deeming a higher risk. But yes, that is high.  Looking at what’s available on bankrate.com a 30 year conventional loan should be as low as about 3.5% (with minimal points) right now (3.625 without a buy down) and the rental property loan should be under 4% still. 

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@AJ Nemeth your probably right at the time I didn’t rate shop and at this point it doesn’t financially make since to try to refinance.

@AJ Nemeth . Local bank that keeps loans in-house. They exist in just about every community. Loan was actually 4.6% and not the 4.7% I had said earlier. Bank lowered it on their own just before closing. I'm sure many won't like the 10 year balloon I received, but I'm just fine with that. I imagine I'll do a portfolio loan for many properties and refinance to pull out cash long before 10 years is up. 

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