REBECCA QUICK, CNBC ANCHOR: Joining us right now with a rundown of the closing cost rankings of his outlook is Tim Dwyer. He`s the founder and President of title insurance firm, Entitle Direct.

And Tim, closing costs have not been dropping like we`ve seen mortgage rates. Why is that?

TIM DWYER, PRESIDENT, ENTITLE DIRECT: It`s counterintuitive, isn`t it?

QUICK: Yes.

DWYER: Well, in fact, closing costs have been falling. The bank rates started (ph) that came out last actually did estimate indeed that an increase of 37 percent in closing costs were a purchase transaction.