CoreLogic: Refinance Closing Costs Fell to Less Than 1 Percent of Loan Amount in 2021
MAY 9, 2022
CoreLogic ’s ClosingCorp has released its second annual Refinance Closing Cost report for 2021. One of the key takeaways shows that the national average closing costs for a single-family property refinance in 2021, excluding any type of recordation or other specialty tax, was $2,375. While this is up $88, or 3.8%, from 2020’s reported amount of $2,287, it is still less than 1% of the average refinance loan amount, which was $304,909. By contrast, CoreLogic.