Want to save on closing costs? It pays to shop around

Bankrate says closing costs dropped 7 percent in the last year as more buyers weighed their options

Buyers who take the time to shop around for their mortgages and some of their settlement services are saving hundreds of dollars on some of their closing costs, according to a recent Bankrate survey. Those who got more involved in their homebuying experience saw their closing costs drop as much as 7 percent, Bankrate said.