A real-estate investor who owns over 700 rental units shares the secret to getting a 5% interest rate, and says most people don’t realize this option exists

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On Tuesday, the average 30-year fixed mortgage rate was at 7.26%. It’s a steep increase from where rates were in 2021 after plunging below 3%. Loans on commercial properties followed closely behind, also near 7%, according to Commloan, a commercial lender.