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Connecticut closing costs decline on average

Published 08/07/2012 12:00 AM
Updated 08/07/2012 12:18 AM

Home-sale closing costs have come down in Connecticut over the past year, but they rose relative to other states, according to a study by Bankrate.com.

Closing costs declined 4 percent in the state, while dropping 7 percent nationally over the past year. Last year, Connecticut had been ranked 32nd for closing costs among all states, but this year its ranking rose to 26th.

Closing costs averaged $3,702 in Connecticut this year. The national average was $3,754.

New York's closing costs of $5,435 were highest nationally, while the cheapest place to close on a mortgage was Missouri, with costs just over $3,000.

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