Mortgage Closing Costs on the Rise, National Survey Says

August 4, 2014
Los Angeles Times 
mortgage lending news
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.









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