Wisconsin's Closing Costs are Some of the Lowest in the Nation
According to a survey at bankrate.com, Wisconsin has the 4th lowest average mortgage closing costs in the nation for real estate transactions. The average closing costs in Wisconsin are about $2291. The national average is about $2748, for a difference of over $450.
New York clocks in with the highest average closing costs - over $3900. Wyoming has the lowest average closing costs at about $2100.
This breakout itemizes the expenses involved in a closing and compares the average costs of those expenses to the national average. There really doesn't seem to be any one area where Wisconsin is cheaper than average by a huge amount...just $12 here and $80 there that adds up.
With the new lower bank rates of close to 6%, now is certainly a time for Wisconsin Home Buyers to Consider Purchasing a new home or upgrading from their existing home.
Though is is certainly possible that there will be another rate decrease in the coming two months, it doesn't hurt now to start the search process and lock in when all the conditions are optimal.
Comments(2)