Buyers Are Paying Less in Closing Fees

http://realtormag.realtor.org/daily-news/2015/08/04/buyers-are-paying-less-in-closing-fees?om_rid=AACAVe&om_mid=_BVwQu3B9EOtOGt&om_ntype=RMODaily

NEWS

Closing costs dropped 7.1 percent year-over-year, falling from $1,989 in 2014 to $1,847 in 2015, according to a newly released Bankrate.com survey. For its analysis, Bankrate requested Good Faith Estimates from up to 10 lenders in the nation’s largest cities for a hypothetical $200,000 mortgage for a single-family home assuming a 20 percent down payment.

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