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Mortgage closing costs down 15% in Minnesota

On average it costs $3,559 to close a loan in Minnesota -- down 15 percent from last year, according to the Star Tribune. A new survey by Bankrate.com shows closing costs in Minnesota are the 15th cheapest in the nation, compared to the 17th highest last year.
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On average it costs $3,559 to close a loan in Minnesota -- down 15 percent from last year, according to the Star Tribune.

A new survey by Bankrate.com shows closing costs in Minnesota are the 15th cheapest in the nation, compared to the 17th highest last year.

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The Center for Responsible Lending says Minnesota's foreclosure rate on bubble-era loans was higher than most other states. The report also found 5.5 percent of the Minnesota mortgages made during the housing bubble are delinquent.

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Minnesota is on pace for one of the safest years for pedestrians in a decade. Last year, October marked the deadliest month for pedestrians with seven deaths. Officials are hoping for a safer fall in 2011.

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James Ober was charged with racketeering in the case that involved more than 60 homes around Minnesota over the last several years, the Hudson Star Observer is reporting. The scheme involved finding fake buyers for homes.

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The Minnesota Department of Health says the state had 20,175 cremations last year, compared with 18,070 burials. The Cremation Association of North America also notes that Minnesota had the 17th-highest cremation rate in the country at just under 50 percent in 2010 -- well above the national average of 41 percent.

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