As an investor, it's always good to keep an eye on current mortgage rates. With so much flux in the housing market, the opportunities for investment can be vast. One sector that’s thriving right now is investment property. Low mortgage rates are providing favorable conditions for investors looking to purchase real estate as an investment.

With current mortgage rates sitting near historic lows, investors have more buying power than ever before. Low interest rates make it easier to obtain a loan with favorable repayment terms. Since interest rates account for a significant portion of a monthly mortgage payment, lower rates can help keep buying costs and repayment obligations down.

In addition, locked-in lower mortgage rates can protect investors from any potential interest rate hikes in the future. Although the Federal Reserve has kept interest rates steady in recent years, having a low rate locked in can provide some peace of mind should rates soar in the future.

Additionally, attractive mortgage rates can help shorten the time required to break even on an investment property. Low monthly payments can allow investors to pay off their loan faster, saving money in the long run. Fast pay-offs also increase an investor's return-on-investment (ROI) and cash-on-cash