Closing costs are up, but there’s a catch
OCTOBER 13, 2021
The average closing costs for a single-family home increased 12.3% According to ClosingCorp, the average closing costs nationally came in at $6,837 including taxes and $3,836 excluding taxes. The report also found that refi closing costs increased by 4.87% to $2,398 from the reported 2020 average of $2,287. So, in addition to keeping up with high demand, the mortgage industry is doing a good job in holding down the costs it can control,” Jennings said.