Although the average mortgage closing costs fell 7 percent over the past year, New Jersey still ranks second highest in the nation, according to new report from Bankrate.com.
WASHINGTON (AP) -- Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.
Average U.S. rates on fixed mortgages fell this week for a fifth straight week. The spring home-buying season has started slowly, but it may be aided by the low rates.
Home prices continue to rise and the increase is helping to lift more U.S. homeowners out of underwater territory on their mortgages, according to a new report by CoreLogic.
If you're buying a new home or refinancing, mortgage closings costs are up six percent over the past year to an average of $2,402 nationally on a $200,000 loan.
Average U.S. rates on fixed mortgages ticked up this week just slightly above their record lows, keeping home-buying and refinancing attractive to consumers.
Average U.S. rates on fixed mortgages ticked up from record lows last week. Cheaper mortgages are fueling a modest housing recovery that could help the broader economy.
The average rate on the 30-year fixed mortgage held steady this week, staying slightly above the lowest level on record. Low mortgage rates have aided a modest housing recovery.
Fixed U.S. mortgage rates fell again to new record lows, providing prospective buyers with even more incentive to brave a modestly recovering housing market.