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Mortgage Closing Costs are Cheaper Today
The Federal Government is helping you, "Joe Homebuyer" afford a home by making the transaction cost less. The Average closing costs nationally have dropped by 7.4% in just the past year. That means if you aquire a $200,000 Mortgage your average closing costs including Origination fees, Application fees, Credit check fees and the like will be about $3,754.00. Thats about $300.00 less then a year ago. This extra money in your fist is one more reason to look around for your dream home. With the Interest Rates being the lowest ever and the high availablity of homes ready for a willing owner these conditions are as good as they get.
For comparative examples check out Bankrate.com to see what it cost a year ago and today!