Mortgage rate and points

[Timothy Au]

Hi,

I am hoping for advice. I had found a lender in Indianapolis.

1 week ago I reached out to a lender and was given this quote

1 unit single family home 4.875% no points

2 – 4 unit single family homes 5% with points.    

300k purchase price pts = $1550.25

200k purchase price pts = $1033.50

100k purchase price pts = $516.75

I was interested in offering on a property today and the new quote had a rate of 5% with 3.049 points at a cost of 3,315.77.  I do understand that rates have been steadily rising but does the 5% rate with that many points seem right?

Thanks in advance for any advice