This is what I'm curious about. What does the landscape look like today? What are the current interest rates?
I don't have the exact figures at my fingertips, but Zaba, JPMorgan Chase,
and Wells Fargo still tend to offer the most competitive rates.
You can find all the specific details you need right on their websites.
As far as I know, the best rate currently available is at Wells Fargo, sitting around 6.99% for a mortgage if you have guarantors.
It’s a bit higher over at Zaba and JPMorgan Chase.
Standard mortgages without extra security are slightly more expensive—I believe they're hovering around 10%—but you really need to verify that yourself. You also have to keep in mind that credit lines might tighten up given the current economic climate. If lending becomes harder, it means less liquidity and potentially higher Fed rates.
Of course, for now, that's just speculation.
If you own a large apartment, who are you going to rent it to?
It sounds like you've been living outside of America for quite a while.
The larger the apartment—especially if it's located in the downtown area or the upscale northern districts—the easier it is to lease and the more money you'll make. Demand for those high-end, luxury units is actually quite high.
An apartment like that in the north side could fetch roughly $22 per square foot.
I don't even need to tell you who the typical tenants are. People seem to forget that Washington, D.C. has become a major hub.