Hawaii Has Highest Closing Costs While Pennsylvania Has the Lowest

According to a new Bankrate.com (NYSE: RATE) report, Hawaii has the highest mortgage closing costs in the country, while Pennsylvania has the lowest. When based on a $200,000 loan, Hawaii’s closing costs averaged out to $2655, while in Pennsylvania these closing costs were just $1837. The national average is $2128. New York has the second-highest […]

Lawmakers Call For Lower Down Payments

A mortgage proposal that calls for a 20% down payment on even the safest of mortgages is the target of a group of lawmakers who are desperate to convince federal regulators to overhaul the move. The move, say lawmakers, would threaten the chances of the US making a full recovery from recession “for years”. A […]