It Isn’t Just Home Prices That Are Rising—Closing Costs Are Soaring by This Much

April 23, 2022

It’s not just record-high home prices and fast-rising mortgage rates that homebuyers have to worry about. They can’t seem to catch a break as the closing costs they pay to complete the purchase of their homes have also been increasing. Average closing costs shot up 13.4% in 2021, according to a recent report from CoreLogic’s…

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How Much Are Closing Costs? Plus: How to Avoid Closing Costs

April 22, 2022

Whether you’re a first-time homebuyer or have purchased property before, if you get a mortgage to buy a home, you’ll have to pay closing costs. These fees, paid to third parties to help facilitate the sale of a home, typically total 2% to 7% of the home’s purchase price. So on a $250,000 home, you can…

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