Average Closing Cost Drops Seven Percent to $3,754
August 10, 2012
The cost to close on a mortgage has dropped seven percent to an average $3,754 in the past year, according to the eighth annual closing costs survey from Bankrate.com. Title insurance and other third-party fees fell 12 percent from last years levels, while origination fees dipped a slight one percent. This is the second year in which lenders are required...