Investment/Owner Occupied Interest Rate Spread on Mortgage

[Adam Moehn]

What kind of interest rate spread do you typically get at banks for loans on investment properties vs. the interest rate they charge for owner occupied houses?

For a conventional 30 yr mortgage, the bank I went to quoted me a rate 5/8 percent above their owner occupied rate. He told me they typically charge 5/8 or 3/4 percent higher for investment properties. (0 points for both)