What is the current interest rate for investment properties?I have a rental home in Florida I can't afford to move into,so I rent it to cover the mortgage. I have a house where I live in Michigan with a mortgage that I want to rent (and cover that mortgage).I want to buy a duplex in Florida to live in and rent out the other half to cover that mortgage. I've been told I will have to buy the dulplex as an investment property at a much higher interest rate. Does this sound true? What is the going investment interest rate?February 04 2009 - Cape Coral00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.