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# S1006279
For Sale
72 Corinthian Cir , Unit 101
Dillon, CO 80435
2 BR | 2 BA | 1,142 Sqft | Residential
Fabulous views of Lake Dillon and surrounding mountains from this fully furnished 2 bedroom / 2 bath condo located in Corinthian Hill. New appliances, counter tops, windows and sliding doors. Clubhouse with pool / hot tub / sauna. Open fl (more...)
RE/MAX Properties/455
MLS# S1006335
For Sale
6070 Hwy 9
Breckenridge, CO 80424
4 BR | 3 BA | 2,215 Sqft | Residential
COMPLETELY UPDATED ON THE RIVER AND CLOSE TO DOWNTOWN! 4bd River Property has been updated with new wood floors, kitchen, appliances, bathrooms, alder doors and trim. All furnishings has been replaced along with flat screen tv's. The Living (more...)
Keller Williams Top Of Rockies
MLS# S1006290
For Sale
491 Marmot Cir
Silverthorne, CO 80498
5 BR | 4 BA | 3,399 Sqft | Residential
Don't miss this spacious home with a great floor plan! 5 large BRs,4 baths, 2 dining areas, family room and Mother-in-law suite w new paint and carpet. Big sunny fenced yard, Trex deck, hot tub pad and lots of aspens that create privacy (more...)
Lake Dillon Realty
MLS# S1006263
For Sale
922 Braddock Dr
Breckenridge, CO 80424
3 BR | 2 BA | 1,875 Sqft | Residential
Imagine waking up to expansive views of the Continental Dive, wild flowers, all day sun and a friendly Moose or two! This rustic cabin built with logs from Montana on 3 plus acre lot is a lovable home that needs a little dream power to mak (more...)
Breckenridge Associates R.e.
MLS# S1006205
For Sale
122 Blue Lakes Rd
Breckenridge, CO 80424
2 BR | 1.5 BA | 1,294 Sqft | Residential
Come see the views of Quandary and North Star peaks from this recently updated Home. 2BD 1.5 BA Plus loft area with built in desk includes new appliances, carpet, paint, water filtration, fireplace, and remodeled full bath. Large rear dec (more...)
Cornerstone Real Estate Co.
MLS# S1006163
For Sale
28 Illinois Gulch Rd , Unit 2
Breckenridge, CO 80424
2 BR | 2 BA | 1,260 Sqft | Residential
Awesome location at Baldy Mtn Townhomes, 2 Bedroom Plus Loft! This End Unit has an updated kitchen with custom cabinets and Exception Views of Ski Area. Master bathroom has been updated with new tile and cabinets. Two huge Private Decks wit (more...)
Keller Williams Top Of Rockies
MLS# S1006091
For Sale
34 Rustic Ter
Blueriver, CO 80424
3 BR | 2 BA | 2,006 Sqft | Residential
The Blue River Grotto house is full of unique mountain charm. The spacious living room and dining room, centered around a wood fireplace provides ample space for gatherings. The sunroom leads out to the custom designed patio with waterfalls (more...)
Dwell Summit
MLS# S1006116
For Sale
37 Tally Ho Ct , Unit 111
Dillon, CO 80435
3 BR | 2 BA | 1,702 Sqft | Residential
This nicely updated 3 bedroom townhome is ready to move in! This home features granite, stainless appliances, wine cooler, bar, open floor plan with two fireplaces, vaulted ceilings, hardwood floors, large kitchen, mostly furnished, and 3 (more...)
RE/MAX Properties/66
MLS# S1006038
For Sale
53 Hunkidori Ct , Unit 8832
Keystone, CO 80435
3 BR | 2 BA | 1,181 Sqft | Residential
UNLIKE ALL THE OTHERS! This RARE 3 bedroom / 2 bath mountain condo with two decks (one off the Master) each offers magnificent views and is next to the Snake River! The Springs has the best pool area in all of River Run with a slide, two ho (more...)
Century 21 Gold, INC.
MLS# S1005936
For Sale
42 Leap Year Trl
Blueriver, CO 80424
2 BR | 2 BA | 1,104 Sqft | Residential
This darling little 2 bedroom, 2 bath Log Cabin In The Woods is a real charmer! Immaculate condition inside and out with Vaulted ceilings, sleeping loft and huge deck. Just minutes to Breckenridge. Private fishing rights on the Goose Pastu (more...)
RE/MAX Properties/69
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IDX Logo Property listing data provided by Summit County multiple listing service. Information last updated: August 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: August 22, 2017 18:00 MST Service by My Buying Buddy IDX/CRM