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Updated about 5 years ago on . Most recent reply

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Eric Armstrong
  • Investor
  • Wilmington, DE
121
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388
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Will interest rates continue to drop or are we at the bottom?

Eric Armstrong
  • Investor
  • Wilmington, DE
Posted
Since I've been investing, interest rates are at the lowest I've seen for investment properties, .  I'm ready to refi and pull some cash.  You think now is the right time or should I wait longer to see if they continue to go down.  What's the bottom going to be?

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Joseph Cacciapaglia
  • Real Estate Agent
  • San Antonio, TX
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Joseph Cacciapaglia
  • Real Estate Agent
  • San Antonio, TX
Replied

You can never be sure about which way interest rates are going to move. It would seem we have a little more room to fall, but there is certainly no guarantee. If it were me, and I could get some significant cash out or reduced rate, I would do it now. A bird in the hand... If you have multiple properties, you could always split the difference and just do some.

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