Many Home Buyers Don’t Shop Around for a Mortgage

A new survey by Fannie Mae finds that a surprising percentage of people do not shop around when buying a home. So reports MSN Money.

According to the survey, 38% of U.S. home buyers picked their mortgage lender without comparison shopping. “By not shopping around to give themselves leverage when negotiating their mortgage, some homebuyers look to be leaving money on the table,” Fannie Mae told MSN Money in an emailed statement.

Read the full article from MSN Money.

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