Tag: closing fees

  • Mortgage Closing Fees Surge: How to Keep Yours Low

    Mortgage Closing Fees Surge: How to Keep Yours Low

    A recent report suggests closing costs on mortgages are skyrocketing, with direct bank fees up nearly 23 percent and third-party fees up more than 47 percent. First, the sort-of good news. The survey isn't measuring actual fees levied on completed mortgages; instead it measures the so-called good-faith... Continue Reading

  • Closing Costs on New Mortgages Up 36.6 Percent

    Closing Costs on New Mortgages Up 36.6 Percent

    The average origination and third-party fees on new mortgages are up 36.6 percent over last year. In 2009, the average costs for closing a mortgage totaled $2,739, but that cost is up to $3,741, based on BankRate.com's 2010 Closing Costs Survey. The biggest difference is in third-party costs for appraisals and... Continue Reading