<prompt> Human: I have a 760 credit score and my wifes is 730.ish. I keep seeing rates under 5 for conventional mortgages being advertised. Were planning on putting 5 down for a 585k mortgage for a 555,750 loan. We went to a family friend for financing and were seeing 5.87ish interest rates. Is it typical to have higher interest rates for a larger loan, or have I just missed the last couple of rate hikes?Thanks!x200B;  <response>: A conventional is 20 down. If you put down less than that you are going to see a higher rate, as there is more risk to the lender. You havent shown an ability to save a larger sum, and its easier for the mortgage to go underwater due to market fluctuations. Similarly, a jumbo mortgage is going to have a higher rate because theres just more money at risk for the lender. 