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Showing posts from July, 2023

Quick Approval Investment Property Loans in Colorado by Knowing the Current Mortgage Rates

If you’re considering buying an investment property in Colorado or Arizona, and putting it out on rent for earning a steady flow of monthly rental income, then always partner with a mortgage brokerage firm. It can help you shortlist the best lender in your city or state that lends on highly competitive monthly interest rates and offers mortgage loans on flexible & easy repayment terms. Here, an agency like “Affordable Interest Mortgage” can help you select the best lenders in these two states that offer investment property loans for 15 year and 30 year periods. You can choose as per your needs and budget.   If you go by the present day statistics, which is 13th of July 2023, the average interest rate on a 15-year investment property loan in the US is 6.55%, compared to a higher 6.62%, a week earlier. Similarly, the average monthly interest rate on a 30-year investment property loan is 7.12%, as of today’s date. The historic 52 week high was 7.33%, and the historic low during th