Mortgage Rates are dropping: Why buyers should intensify investment search NOW
Don't look now but the 10 Year US Treasury is dropping like a rock over the past week currently hovering below 4.1% ahead of the FED Rate decision.?
This has had a net positive effect on mortgage rates with prime Government and Conventional (FHA/VA) often beginning with a 5 in the front and some DSCR rates now in the 6%'s...
The on the ground response is likely a dramatic increase in buyer activity/competition. Judging by my own buyer base, I have roughly two dozen investors seeking Oregon STR, multi family and small balance apartment complexes and commercial investment properties. The anticipation is that as investment ROI becomes more attractive, buyers will intensify their searches.
What are you seeing in your marketplace??
For more information reach out to Anthony AJ Wong