Mortgage Closing Costs
on the Rise, National Survey Says
Based on survey responses from lenders in all 50 states and the District of Columbia, Bankrate.com reports that the expense of closing on a home loan has climbed from last year. U.S. mortgage closing costs rose 6 percent to $2,539 in June from $2,402 a year earlier, assuming a $200,000 loan and a 20 percent down payment. While third-party fees for appraisals and other services inched up 1 percent, origination fees charged by the lenders themselves increased 9 percent. The highest closing costs were documented in Texas, at an average of $3,046.
From "Mortgage Closing Costs on the Rise, National Survey Says"
Los Angeles Times (08/04/14) Khouri, Andrew
Based on survey responses from lenders in all 50 states and the District of Columbia, Bankrate.com reports that the expense of closing on a home loan has climbed from last year. U.S. mortgage closing costs rose 6 percent to $2,539 in June from $2,402 a year earlier, assuming a $200,000 loan and a 20 percent down payment. While third-party fees for appraisals and other services inched up 1 percent, origination fees charged by the lenders themselves increased 9 percent. The highest closing costs were documented in Texas, at an average of $3,046.
From "Mortgage Closing Costs on the Rise, National Survey Says"
Los Angeles Times (08/04/14) Khouri, Andrew
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