The barrel shaped braze-on, farther up the seat stay, just above the one your rack is using, is an M6 x 1.0 pitch.
But, so is the upper of the two “braze-ons” at the rear dropout. (It’s actually cast into the dropout.)
The lower of the two is M5 x 0.8. You appear to have a bolt head showing — Is that just an M5 not truly threaded into the M6?
At least that is the case with my MIT Appaloosa, I think made in 2016 or 2017. I bought it used in 2018.
David Lipsky
Berkeley, CA