Web Exclusive: Mortgage loans rates down, but closing costs rise - KYTX CBS 19 Tyler Longview News Weather Sports

Web Exclusive: Mortgage loans rates down, but closing costs rising

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(CNN/CBS) - Home buyers may have enjoyed record low mortgage rates over the past year, but they were paying a pretty penny when it came time to close the deal.  That's according to a survey by bankrate.com.  

Nationwide, closing costs averaged about $2,400 dollars over the past year, up six percent from 2012.  The estimates were based on a $200,000 dollar mortgage for buyers with good credit and a 20%.  Origination fees, also called underwriting fees were up, as were third-party fees, which include the cost of an appraisal and credit check.  

According to the survey, Hawaii has the highest closing costs.  Buyers in Wisconsin paid the least.  Texas ranked 13th highest in closing costs.

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