I need to rant for a second, something is bothering me …
Interest rates have risen again! This is the highest they have been in well over a year. I’m going to auction in a week for another investment property, and now I’m forced into having to finance with a crappy interest rate, my only saving grace is that while the interest rates are high, you can sometimes win a property so incredibly cheap that they are still a worthwhile investment. Though, I still get sick when I think about how I have to pay over 7% interest to the bank, hopefully rates will drop in time and I can refinance, I’m sure they will.
Wish me luck at the auction, I’ll let you know if I come back a winner next time I post!
