If you’ve been heavy in bonds and light on equities over the past several months, you’re likely patting yourself on the back. Mortgage bonds in particular have traded in a very tight range over the previous two quarters and it appears Q3 will report similar results. In spite of the gyrations from China to Wall Street, financing for investment properties has remained extremely competitive and still near historic lows. One year ago, the 30 year fixed rate for an investor property was hovering near 4.50% while today, that same rate is closer to 4.125%. On a $500,000 note on a quad unit, that’s a savings of nearly $40,000 over the life of the loan. This long term, low rate environment has been a boon for investors.