Interest Rates Going Down? UPDATE

/

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. 

 

/ /

Michael Woodward

Michael is the founder and CEO of jumbleThink.  He is also the CEO of Woodward Design Group.  He and his team have built over 400 website for small businesses to large customer portals for Fortune  100 corporations.  He has also consulted with hundreds of businesses through the Small Business Development Council in Butte County,  Ca (http://www.buttecollegesbdc.com) along with teaching courses on web design / development and marketing strategies.  His passion is to help individuals and businesses make their dreams attainable through creative thinking / idea formation and strategy.