Prices for the same mortgage often vary by about 50 basis points of the annual percentage rate, according to the study.
For a $300,000 loan at today’s rates, that can mean a gap of $100 per month.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 20 seconds
Shopping Around Could Save Borrowers $100 Per Month: CFPB
A study by the Consumer Financial Protection Bureau has found that loan shopping could save borrowers $100 or more each month. So reports NEXT Mortgage News.
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