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Posted by  ReneeK_MI on 7/25/11 6:20am
Interestingly, nothing is said of the 'decrease in costs' for contract closers/signing agents.
Excerpts from the article, linked below ...
"Nationwide, the average origination and title fees on a $200,000 purchase mortgage totaled $4,070, according to Bankrate's annual survey of closing costs. That's an 8.8 percent jump compared to 2010 when the average closing costs totaled $3,741.
Most of the jump in closing costs is tied to fees charged directly by lenders.
On average, lenders charged about $1,614 in origination fees this year, up 10.3 percent from last year. Origination fees include lender charges for services such as underwriting and processing.
Fees imposed by third parties, including title, appraisal, postage/courier and survey charges, averaged $2,456, up 7.9 percent from 2010."
Read more: http://www.bankrate.com/finance/mortgages/2011-closing-costs/ |
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