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.
After last week’s unveiling of the White House’s proposed federal budget for fiscal year 2026, some cities and housing organizations have reacted with anxiety and exasperation over the depths of cuts detailed for the U.S. Department of Housing and Urban Development (HUD).
Wayne Stanley, founder and CEO of Indiana-based real estate marketing firm Bowe Digital, died on May 1, the company announced. He was 38.
Stanley, who built Bowe Digital from the ground up in his hometown of Kokomo, Indiana, was widely regarded not only as a marketing innovator but also as a mentor and friend.
His sudden passing has left a deep void in his professional and personal circles.
Following moves to close the Veteran Affairs Servicing Purchase (VASP) program, a bill from a lawmaker who railed against it that seeks to reform the U.S. Department of Veterans Affairs (VA) home loan program with the addition of a partial claim option has picked up support from the Mortgage Bankers Association (MBA).
After a series of severe winter storms and flooding in Virginia that compounded damage sustained from Hurricane Helene last fall, President Donald Trump recently issued a major disaster declaration.
Now the U.S. Department of Housing and Urban Development (HUD) is moving to make disaster aid available for those with Federal Housing Administration (FHA)-insured mortgages.
With sales activity stuck in neutral through the first four months of the year, there’s not much to suggest that the 2025 housing market will be vastly improved from 2023 or 2024. But mortgage leaders and economists are expressing cautious optimism even as the cost of a home loan remains higher than Americans would like.
Four years ago, Cissy Larkin’s husband, Christopher Larkin, was diagnosed with amyotrophic lateral sclerosis (ALS).
Keller Williams continues to add agents to its roster. On Thursday, the firm announced that Northwest Arkansas-based Curtis Realty Group, which was brokered by Homequest Real Estate, was making the move over to Keller Williams Market Pro Realty.
United Wholesale Mortgage (UWM), the largest originator in America, produced $32.4 billion in mortgages in the first quarter of 2025, capitalizing on a brief decline in interest rates that spurred a wave of refinance activity. This production volume represents a 17% increase compared to the same period last year, and UWM expects even stronger results in the current quarter.
| Newer Posts | Older Posts |