{"id":3468,"date":"2012-08-08T15:32:07","date_gmt":"2012-08-08T15:32:07","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=3468"},"modified":"2012-08-08T15:32:07","modified_gmt":"2012-08-08T15:32:07","slug":"mortgage-closing-costs-on-the-decline","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/mortgage-closing-costs-on-the-decline\/","title":{"rendered":"Mortgage Closing Costs on the Decline"},"content":{"rendered":"

Mortgage Closing Costs on the Decline.<\/h2>\n
\"Mortgage<\/a>

Mortgage Closing Costs on the Decline<\/p><\/div>\n

Mortgage Closing costs have dropped by 7 percent over the last year, according to an annual survey on closing costs conducted by Bankrate.com. Closing costs average $3,754 nationwide.<\/h3>\n

Title insurance and other third-party fees also saw a drop in the last year, falling 12 percent, and origination fees fell 1 percent, according to Bankrate.com\u2019s survey.<\/p>\n

\u201cThis is the second year in which lenders are required to estimate third-party fees within 10 percent of the final cost. It seems like they\u2019re getting more accurate, which helps explain the sharp decrease in these fees over the past year,\u201d Greg McBride, Bankrate.com\u2019s senior financial analyst, said in a statement. \u201cThe main lesson of this survey for consumers is to shop around for at least three different estimates. While no one is going to move to a new state just because closing costs are lower, it\u2019s important for people to realize that there is variation even within their neighborhood, and that they can save by being an educated consumer.\u201d<\/p>\n

5 States With Highest Average Mortgage Closing Costs
\n<\/strong><\/p>\n

    \n
  1. New York: $5,435<\/li>\n
  2. Texas: $4,619<\/li>\n
  3. Pennsylvania: $4,467<\/li>\n
  4. Florida: $4,395<\/li>\n
  5. Oklahoma: $4,352<\/li>\n<\/ol>\n

    5 States With the Lowest Average Mortgage Closing Costs<\/em>
    \n<\/strong><\/p>\n

      \n
    1. Missouri: $3,006<\/li>\n
    2. Kansas: $3,193<\/li>\n
    3. Colorado: $3,199<\/li>\n
    4. Iowa: $3,257<\/li>\n
    5. Arkansas: $3,325<\/li>\n<\/ol>\n

      View the survey<\/a>, which contains all states\u2019 average Mortgage Closing Costs<\/span>.<\/p>\n

      Source: Bankrate.com <\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

      Mortgage Closing Costs on the Decline. Mortgage Closing costs have dropped by 7 percent over the last year, according to an annual survey on closing costs conducted by Bankrate.com. Closing costs average $3,754 nationwide. Title insurance and other third-party fees also saw a drop in the last year, falling 12 percent, and origination fees fell … <\/p>\n

      Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-3468","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nMortgage Closing Costs on the Decline - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Mortgage Closing costs have dropped by 7 percent. 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