Morgage refi rates on rental property 2 points over listed rates?

[Corey G.]

Hello everyone, I was considering refinancing one of my rentals. It's a 4 plex by the way and I'm in AZ if that matters. Plenty of equity to refinance and current rate at 5.875 on a 30 year. I was thinking that with 15 year mortgage rates down in the 3's that, at most, a investment property would be about 1 point over that rate but I'm finding that it's closer to 2 points. I just was told a 15 year rate would be 5.125 while the listed rate was 3.125. Does anybody know if it's just certain lenders or is there some trend going on right now that rates are a lot higher for rentals? A few years ago I was getting .75 to 1 point over the listed rate for investment property refinances.

[Bill B.]

I’ve paid 0.5 to 1% over residential listed price. 0.5% for being an investment and 0.0 - 0.5% for having more than 6 loans. 

If it’s a refi try bank of internet with a Costco membership. They were cheap and fast, my biggest problem was providing so much info for 8 existing mortgages, hoas/insurance/etc.