Update 2-25-2009

I see interest rates staying low for the foreseeable future. Mortgage rates should stay in the range of 4.5% to 5.5% for residential income properties, one to four units. I have a duplex closing this week and the borrower got a 5.25% 30 year fixed rate loan, paying two points.

Problem with obtaining this loan is the new underwriting criteria. Check out my articles about the ten loan maximum requirement as well as the Fannie Mae Guidelines.

 

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