Most homebuyers spend weeks touring properties to find the perfect fit, but when it comes to mortgages, nearly 7 in 10 settle for the first offer they get. That decision can cost thousands. According to a new Zillow report, the average buyer could save $1,100 a year by reducing their mortgage rate by just 50 basis points on a typical U.S. home.
Here’s why shopping around for your mortgage matters — and how to do it right.
