Average Mortgage Closing Costs Down 7.4% Over Past Year

In welcome news for the housing market, CNN Money recently reported that the average cost of closing on a mortgage has fallen by 7.4% over the past year. As an example, at the end of June, a home buyer in the United States looking to close on a $200,000 mortgage with 20% down paid an average of $3,754. That’s $300 less than 12 months earlier. Apparently, the decline can be attributed to new federal regulations, which require lenders to be more accurate when estimating closing costs for borrowers. Read the rest of the CNN Money article

Turning to mortgage news in Colorado, Bankrate.com conducted a nationwide survey in 2012 of mortgage closing costs. Looking at every state in the country, Bankrate.com found that Colorado had the third lowest average closing costs for home mortgages. Based once again on a $200,000 mortgage with 20% down, Colorado closing costs were generally $555 less than the national average, coming in at $3,199. Great news for anyone buying a home in our state!

If you’re interested in potentially getting into the Summit County real estate market, this is a great time to find bargains in homes that have been on the market all summer but haven’t quite sold yet. Please don’t hesitate to contact Philip with your questions.

Summit County Listings With Price Drops in Last 4 Days

(Arranged below by newest listing first)

MLS# S1004971
For Sale
371 Shekel Ln
Breckenridge, CO 80424
4 BR | 4.5 BA | 3,352 Sqft | Residential
Beautiful newer home with big views of the Tenmile Range. Close to Town yet out of the bustle. This home has a lot of flexibility to fit a local family or works great as a short term rental. The home was finished in 2013 and is set up to (more...)
Liv Sotheby's I.r.
MLS# S1004331
For Sale
935 Lakepoint Cir , Unit 14
Frisco, CO 80443
2 BR | 2 BA | 895 Sqft | Residential
This charming 2 bedroom condo is located in a private setting near Lake Dillon and the Regional Bike Trail in Frisco, CO. The condo is on the first level with walk out access to common area. You have easy access to Frisco and all of Summit (more...)
Coldwell Banker Mtn Properties
MLS# S1004982
For Sale
143 Westward Trl
Breckenridge, CO 80424
3 BR | 2 BA | 2,357 Sqft | Residential
Breckenridge Associates R.e.
MLS# S1004850
For Sale
1207 W Keystone Rd , Unit 2701
Keystone, CO 80435
3 BR | 3 BA | 1,717 Sqft | Residential
REMODELED THREE BEDROOM CHATEUAX D' MONT AT BASE OF KEYSTONE SKI SLOPES! No other complex like this in all of Keystone! Enjoy the ambiance of the wood burning fireplace while sitting in your private in-unit hot tub after a great power day! (more...)
RE/MAX Properties/455
MLS# S1004851
For Sale
129 River Run Rd , Unit 8036
Keystone, CO 80435
1 BR | 1 BA | 539 Sqft | Residential
BLACKBEAR LODGE is one of the CLOSEST BUILDINGS TO THE KEYSTONE GONDOLA! Central Village location only steps to shopping, dining and world-class skiing / snowboarding! Be the first to hit the slopes on a powder day! Two ceiling fans. Comm (more...)
RE/MAX Properties/455
MLS# S1004905
For Sale
31 Starfire Ln , Unit 1989
Keystone, CO 80435
3 BR | 3.5 BA | 1,790 Sqft | Residential
Large THREE BEDROOM + LOFT TOWNHOME in Keystone Resort! Attached one car GARAGE! Quiet setting amidst the lodge pole pine trees yet a very short shuttle bus to the base of the KEYSTONE SKI AREA! Remodeled with new cabinets, slab granite, (more...)
RE/MAX Properties/455
MLS# S1004936
For Sale
133 Mount Royal Dr
Frisco, CO 80443
5 BR | 4.5 BA | 5,357 Sqft | Residential
Spectacular home in Frisco, a true mountain masterpiece! Incredible views of Mount Royal from your living room! Private location on cul-de-sac walking distance to Main St. Beautiful finishes with exquisite attention to detail. Exposed logs, (more...)
RE/MAX Properties/66
MLS# S1004956
For Sale
60 Tennis Club Rd , Unit 1605
Keystone, CO 80435
1 BR | 1 BA | 929 Sqft | Residential
Oversized, 929+ / - sq.ft., ground level, 1-bedroom, 1-bath, condominium in wonderful Keystone. Great location offers easy access for skiing with several shuttle stops and a clubhouse steps away to enjoy swimming and hot tubs. Wall to wall (more...)
Slifer Smith & Frampton R.e.
MLS# S1004970
For Sale
339 N Chipmunk Cir , Unit 339
Silverthorne, CO 80498
3 BR | 2 BA | 1,344 Sqft | Residential
No crazy monthly HOA FEES! Hoa is less than $35 per month. One of the least expensive 3 bedrooms in all of Summit County. Nice quiet neighborhood with park, tennis courts and walking distance to trailhead for hiking and exploring. Near the (more...)
RE/MAX Properties/69
MLS# S1004839
For Sale
601 Village Rd , Unit 13010
Breckenridge, CO 80424
2 BR | 2 BA | 1,089 Sqft | Residential
Best value on a two bedroom townhouse style unit in Beaver Run! Mountain views and space for the whole family. Easy access to the spa and hot tubs. Income equalization of $55,420 in 2016. Amenities include pools, hot tubs, shuttle service, (more...)
Real Estate Of The Summit
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Property listing data provided by Summit County multiple listing service. Information last updated: May 23, 2017. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. The sale offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice. Listing Data last updated: May 23, 2017 Service by My Buying Buddy IDX/CRM
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