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Serving South Florida

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For over 35 years N.C. has second-lowest mortgage closing costs

North Carolina boasts the second-lowest mortgage closing costs in the country, says a survey released Monday by

The study found that on a $200,000 loan, N.C. home buyers pay an average of $3,255 in closing costs $1,476 in origination fees charged by the lender and $1,779 in average title and third-party fees.

Only Arkansas, with average closing costs of $3,007, fared better than North Carolina in the study.

North Carolina, Arkansas and Iowa are the only three states with average closing costs at least 25 percent below the national average of $3,741.

Closing costs in New York easily are the country’s highest, at $5,623. Texas is second, at $4,708, followed by Utah.

The findings come just days after a Freddie Mac report showing long-term mortgage rates hit record lows last week.

Freddie Mac (NYSE:FRE) said 30-year fixed-rate mortgages averaged 4.44 percent in the week ending Aug. 12, down from 4.49 percent the previous week. And 15-year fixed-rate mortgages fell to 3.92 percent on average, also the lowest on Freddie Mac’s record book.