The average closing costs for a refinance mortgage in the U.S. totaled $2,403 last year, or about 0.72% of the loan amount, according to a new report from LodeStar Software Solutions.

The findings mark the company’s first analysis of refinance-specific closing costs. Closing fees ranged widely by location and are influenced largely by state and local taxes.

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Lawmakers in Illinois are considering a significant overhaul of the state’s title insurance regulatory framework through the introduction of S.B. 2648.

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