Looking for mortgage advice

[Jana Nakamura]

Hello! My husband and I are in the process of acquiring our first rental property. Just got the documents from the mortgage company and were surprised by the loan terms. The conventional loan we're applying for is ~$82k and we were offered a rate of 5.375% with 2.4 discount points. Is this reasonable? Through our research, we saw that rates for investors were 0.25 - 0.75% higher than rates for primary residences, which we expected to be around 4% with 0 points at this time.

Hoping someone can shed some light if this is normal or what to expect? 

Thank you! :)