Closing

A picture of a sold sign in front of a house.
AKZOphoto / Creative Commons

A new national survey shows mortgage closing costs are rising across all 50 states. 

Holden Lewis is a mortgage analyst for Bankrate.com.  He says North Carolina ranks as the 12th most expensive state. 

“Mortgage closing costs went up this year about five or six percent compared to last year.  And lenders say that the reason is regulation,” Lewis said. 

Three North Carolina courthouses could be closed as a cost cutting measure.

A high-end furniture maker in Alamance County is going out of business.

Jeff Tiberii: Craftique has been making hand-crafted mahogany furniture since 1946. But the Mebane based store is no longer making enough money. President Craig Shoemaker says business is only 30-percent of what it was six years ago.

Craig Shoemaker: We tend to think we were among the top five quality manufacturers left in the country and would love to have gone on for a long period of time, but unfortunately the economics just aren't there for us to do it.

A community meeting will take place tonight to discuss the abrupt closing of the Y-W-C-A of the Greater Triangle.