Despite home prices having declined on a national level, closing costs are increasing. According to a recent
Bankrate.com study, these are the state rankings for average closing costs charged by the lending industry for a mortgage in 2008.
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New York ranks first place once again for the highest average closing costs in the nation with $4,015.
Texas comes in at number two with average closing costs at $3,975. Houston, pictured above, is one of the most expensive cities to live in the nation.
The third ranked state is Florida, with an average closing cost of $3,683.
Oklahoma moved up in 2008 to the 4th spot with an average closing cost of $3,558.
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New Mexico moved up the list to the 5 spot with $3,466.
New Jersey, home of Atlantic City, is number 6 with an average closing cost of $3,432.
Pennsylvania slid to the 7th spot in 2008 with an average closing cost of $3,411.
Alaska jumped to number 8 in 2008 with an average closing cost of $3,408.
Colorado moved way up from number 24 in 2007 to the 9th spot in 2008 with an average closing cost of $3,358.
California rounds out the top ten with an average closing cost of $3,321.