Rising home prices and lender costs helped drive up homebuyers’ closing costs by 13.4 percent in 2021, to an average of $6,905. Loan production expenses hit an all-time of $9,470 per loan high during the fourth quarter of 2021.
Source: Inman News
As mortgage lenders’ costs rise, so do homebuyers’ closing costs
Published in appraisal, closing costs, ClosingCorp, land surveys, lender's title policy, Mortgage, owner's title policy, recording fees, settlement, transaction costs and transfer tax
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