Closing Costs Increase 8.8% Nationwide

Bankrate.com conducted a 2011 closing costs survey where online good faith estimates for a $200,000 mortgage with a 20% down payment were acquired from at least 10 lenders in each of the 49 states surveyed. “Nationwide, the average origination and title fees on a $200,000 purchase mortgage totaled $4,070” as opposed to the average closing costs of $3,741 in 2010. So, what is driving the increases in closing costs?  http://bit.ly/pEkiuM

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