Categories: Good To KnowPublished On: June 11th, 2024

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Over Half of Homebuyers Skip Mortgage Shopping, Yet Those Who Do Get Better Rates

A majority of homebuyers aren’t shopping around for a mortgage, according to new data from LendingTree. Specifically, 54% of buyers who took out a mortgage for their most recent home purchase received just one offer from one lender, 22% got two offers and 17% got three. “There’s no magic number for how many offers homebuyers…

The post Over Half of Homebuyers Skip Mortgage Shopping, Yet Those Who Do Get Better Rates appeared first on RISMedia.

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