closing costs
Am guessing the $5500 included prepaids (mortgage interest, taxes and insurance)?
Depends also on the loan amt, but I was just quoted (last week) by Citizens' a 15 yr rate of 4.625% with 1/8 pt., closing costs around $3,000 (plus prepaids).
4.25% is an awesome rate, especially if no points and no loan broker's fee, but I can live with 4.625% (especially having been relocated several times in the 80s, when 11% looked really good (and our worst was 17%)
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