NH real estate, how much lower will it go?

[nhkev]

most closing cost are a fixed price, and usually 3rd party fees, such as a title co, appraisal company, title ins, pro rated property taxes, then the bank charges fees to offset cost of employee such as doc prep fees, application fees, the banks rarely make money off the interest because they sell their mortgages, the bank will figure out how much they want to make typically an origination fee about 1% of the loan some more. in the past they may have been able to get some money in selling the mortgage and keeping servicing fees. BUT then they will offer other products with lower rates but higher fees So what you're probable seeing is very low rates with very high fees, or higher rates with next to no fees. I've always opted for a reasonable rate with low fees because it usually takes too long just to break even, and most people don't get a mortgage and keep it for 30 yrs. they refinance, get relocated, divorced , down size , upsize , die... etc

[MtDreamer]

Thanks for all the information nhkev.