30 yr fixed 5.25%?

My FICO score is 717 and I'm trying to get a loan for $123,920 for a condo. My mortgage broker offered me 5.25% 30 year fixed. I spoke with MB Financial briefly on the phone and they said they could offer me 4.75% (I told them it was a condo, loan amount, tax amount, etc). I went back to my broker and he said there's no way that they could give me 4.75%. Is 5.25% high? Can I get a lower rate than that? by tarint_796 from Tuscaloosa, Alabama. Aug 3rd 2011 Reply