Quoted 5.875% today with great credit

Our offer was recently accepted at a 750k purchase price. Putting 20% down. Credit scores of 800 and combined income >250k. Lender said rates jumped from 5.625% yesterday to 5.875% today for us with no points down. We are still 60 days from closing but this seems a bit high considering MND shows an average of 5.47% for a 30yr fixed. Anything I could be missing or is this normal today in the midwest?

https://www.mortgagenewsdaily.com/

submitted by /u/ivypup18
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Our offer was recently accepted at a 750k purchase price. Putting 20% down. Credit scores of 800 and combined income >250k. Lender said rates jumped from 5.625% yesterday to 5.875% today for us with no points down. We are still 60 days from closing but this seems a bit high considering MND shows an average of 5.47% for a 30yr fixed. Anything I could be missing or is this normal today in the midwest? https://www.mortgagenewsdaily.com/ submitted by /u/ivypup18 [link] [comments]

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