Mortgage costs are a new concern, at least to buyers and sellers of homes.
Mortgage closing costs in our state are higher than 42 other states, according to Bankrate.com. Closing costs on a $200,000 home loan average $2,648, the eighth-highest in the US, and 4.1 percent higher than the national average. The costs include an average of $1,982 for lender’s origination fees and $666 for the average third-party fees.
Those mortgage costs are a new concern, but to put the high numbers into perspective: a home is a large, long-term investment. Also consider: these rates are a major reasons why you need help from our agents when buying or selling a home. Keep in mind that those figures are just averages and should not be discouraging, because our experts can show you how to minimize their impact to still make your new home highly affordable, and easy to sell as well.