Home Buyers Face Higher Closing Costs

Saving Money

Rising mortgage rates aren’t the only problem house hunters are facing. Closing costs for loan origination and other fees have increased 6 percent in the past year, according to a survey by Bankrate.com.

Borrowers with stellar credit who are making a 20 percent down payment are still forking over an average of $2,402 in closing costs on a $200,000 loan.

Read more…

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.