Mortgage closing costs up 6% this year

Posted by Bonnie Martin Designated Broker on Tuesday, August 6th, 2013 at 2:29pm.


money.cnn.com - Homebuyers may have enjoyed record low mortgage rates over the past year, but they were paying a pretty penny when it came time to close the deal.

Nationwide, closing costs averaged $2,402 over the past year, up 6% from $2,264 in 2012, according to a survey by Bankrate.com. The estimates were based on a $200,000 mortgage for buyers with good credit and a 20% down payment.

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