Understanding closing costs, predictions for 2021 mortgage rates, & more

By Austin Havens-Bowen | January 29, 2021 - 1:30PM

This week, readers visited Brick Underground to check out our closing costs guide. Some big taxes and fees are unique to New York, and they can take a chunk out of a seller's proceeds and impact a buyer's decision on what apartment to buy.

Also of interest: Mortgage rates have recently seen historic lows but they're slowly starting to rise. Brick shares how much and when you can expect them to hit a new level in 2021.

Here, in full, are this week's most popular posts.

1) Closing costs: A guide for NYC buyers and sellers

2) After historic lows, mortgage rates are starting to rise. How far will they go?

3) It took 3 months to get our security deposit back. Here’s what we did

4) A co-op building only wants all-cash offers. Is that a red flag?

5) Renovating or adding a kitchen island to your NYC apartment? Here's a checklist

And from this week's sponsors:

Ask Sam: My landlord is offering me a buyout to leave my rent-stabilized apartment. Can I negotiate for more?

Austin Havens-Bowen

Writer

Austin Havens-Bowen is a writer and reporter. He previously covered local news for the Queens Ledger and The Hunts Point Express in the Bronx. He graduated from Hunter College with a BA in media studies. He rents a one-bedroom apartment in Astoria with his boyfriend and their two cats.

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