If you haven’t heard it by now- the Fed has cut rates from 4.25% down to 3.50% this morning. This is during the global stock sell off going on. Read more about it here. Still not convinced it’s the time to pick up investment property? Foreclosures are at an all time high. Banks are realizing it’s time to get lean and mean with their inventories, and are being very aggressive with REOs and Short Sales. Now, our interest rates are dropping even lower than ever before. In fact, I think it might be time for me to refi some of my own properties, now that I think of it…