Is RateReset fee txdeductible?

(Sorry, I can't type Chinese now.)

The mortgage rate we got originally was a 5%, 5/1 ARM, No Point, No Closing cost program with a local bank. our closing date was scheduled at Aug 30, 2004(Next Monday). (We are at Arlington, MA).

Today, I just found out that the rate has dropped to 4.875%. So, I asked the bank to see if I can have the rate reset to this lower rate. They said that I can, but I have to pay a $370 rate_reset fee.

My question is that, is this $370 tax deductible?

Thanks again,

Yan Nan