Mortgage rates low, but closing costs sky high - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Mortgage rates low, but closing costs sky high

(WFLX) - Mortgage rates may be way down, but closing costs are sky high.

According to USA Today, closing fees including appraisals, surveys, and attorney fees can add up to more than $3,700 on a $200,000 mortgage.  That's a 40-percent increase since last year alone.

Some housing experts argue it's because landers have to comply with stricter government regulations.

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