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.
Author:
Publish date:

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.

Next Up

Related

Minnesota job openings up 15 percent in spring

The odds of finding a job in Minnesota are getting better, the Pioneer Press reports. Job postings climbed 15 percent in the second quarter compared with the same period a year ago, the state reported on Thursday. Employers reported nearly 63,000 openings, up from 54,700 last year.

Fewer Minnesotans delinquent on their mortgages

5.4 percent of Minnesota mortgage holders were behind by at least one payment during the third quarter. That's almost a full percentage point lower than during the same period last year. It's also one of the lowest delinquency rates among the states.

Pedestrian deaths down in Minnesota

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.

Cost of natural gas at 10-year low

CenterPoint Energy told WCCO, January's home heating prices are at their lowest point in 10 years. The company says heating demand is down 14 percent compared to last winter. A spokesperson says the average gas bill is about 25 percent less, a trend that is expected to continue into 2012.

Cremation becomes preferred method of burial in Minnesota

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.

Feds close Minnesota bank

The FDIC shutdown Patriot Bank in Forest Lake Friday. First Resource Bank in Savage agreed to take over the assets and deposits from the failed Minnesota bank. There have been seven U.S. bank failures in 2012. Patriot Bank is the first to fail in Minnesota this year.