NYDFS Releases New Title Insurance Rates for Refinancings; Consumers Save Up to 65 Percent

Title Insurance NYDFS

On May 12, the NYDFS announced newly approved title insurance industry rates for mortgage refinancing transactions, which is just one of the steps the NYDFS is planning to take to reform and lower title insurance rates. The new rates vary depending on the term, size, and duration of the loan, and they are anticipated to provide significant savings to New York homeowners.