Loan-origination rates and other fees for closing mortgages were observed to increase, according to a report published by USA Today on Monday, August 5.

According to the survey conducted by Bankrate.com last June, origination fees increased by 8 percent, while other fees were observed to increase by 1 percent. In explanation, publisher Guy Cecala said origination fees increased because interest rates are higher and lenders are looking to continue making a profit. On the other hand, Lending Tree CEO Doug Lebda said the increase in costs were due to more paper work being done by lenders.

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