06/05/2026
From Melissa Dittmann Tracey
contributing editor for REALTOR® Magazine:
"Home buyers could save, on average, about $62,000 over the life of a 30-year fixed-rate mortgage—or $174 per month—just by gathering multiple quotes from lenders before they commit, according to a new study from LendingTree. Gathering at least three quotes from different lenders is preferred—but the more, the greater the savings.
The study found a 0.79-point rate spread between the lowest and highest average offers among lenders. For borrowers who received six or more offers from lenders, however, that spread increased to 0.98 points. While that may seem small, it can translate to about $174–$227 in monthly savings, the LendingTree study notes."
