However, most experts agree interest rates will remain the same--until at least the latter part of the year. "Most economists anticipate interest rates will remain unchanged," says Jon Caplan, executive director of Cushman & Wakefield in New York. The belief holds true even in light of the recent job growth. "In December 1,000 jobs were created and in the current economy there has been no sustained period of job growth," he adds. In addition, with the presidential election coming up in November, Caplan does not foresee any increases to the interest rates in the near term.

Aside from short-term interest rates, Libor, which is applied to floating-rate loans, and 10-year Treasuries, which are applied to fixed-rate loans, remain at historically low levels, he explains. With one-month Libor trading at 1.1% and six-month trading at less than 1.2%, and 10-year Treasuries trading just above 4%, investors who are applying leverage have access to a great source of capital, he says. In fact, even if interest rates were to increase 50 or 100 basis points over time, they would still be historically low, according to Caplan.

"The low-interest rates sometimes provide an advantage to private capital investors because sometimes they are able to apply more leverage to real estate acquisitions or refinancing," he explains. "This includes commercial real estate as well as residential."