Closing Costs - Most and Least Expensive States

There is a cool slide show on MSN's real estate site right now which highlights which states have the highest and lowest mortgage closing costs. Arkansas led way for most affordable with closing costs averaging $3007. Our home state of North Carolina was the second cheapest at $3,255 followed by Iowa ($3,261), Montana ($3,298), and Wisconsin ($3,303).

At the other end of the spectrum, New York won the prize for highest closing costs with a whopping $5,263 average followed by the Lone Star State at $4,708. Utah ($4,605), California ($4,566), and Alaska ($4,327) rounded out the top five most expensive states.

Find information on mortgage rates and home loan program on ForTheBestRate.com.