{"id":422145,"date":"2026-08-31T20:40:07","date_gmt":"2026-08-31T20:40:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/422145\/"},"modified":"2026-08-31T20:40:07","modified_gmt":"2026-08-31T20:40:07","slug":"recent-study-finds-those-shopping-around-with-loan-offers-can-save-significantly","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/422145\/","title":{"rendered":"Recent study finds those shopping around with loan offers can save significantly"},"content":{"rendered":"<p>A recent <a class=\"Link\" href=\"https:\/\/www.lendingtree.com\/home\/mortgage\/mortgage-shopping-study\/\" rel=\"nofollow noopener\" target=\"_blank\">LendingTree study<\/a> has found that borrowers who compare multiple loan offers can save significantly over the life of a loan.<\/p>\n<p>Experts say checking rates and fees from several lenders could help you avoid paying more than necessary.<\/p>\n<p>RELATED STORY |\u00a0<a class=\"Link\" href=\"https:\/\/www.scrippsnews.com\/us-news\/housing\/average-30-year-us-mortgage-rate-climbs-to-6-58-highest-level-in-nearly-a-year\" rel=\"nofollow noopener\" target=\"_blank\">Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year<\/a><\/p>\n<p>According to the study, borrowers could save an average of $62,572 over the life of a 30-year, fixed-rate mortgage by shopping around.\u00a0<\/p>\n<p>This is equal to about $174 a month. They added that while borrowers could save a hefty amount, this is down from 2025, in which they were able to safe an average of $80,024.<\/p>\n<p>In addition, the study points out that shopping around can also better your chances of securing a lower rate. <\/p>\n<p>RELATED STORY |\u00a0<a class=\"Link\" href=\"https:\/\/www.scrippsnews.com\/us-news\/housing\/report-most-homebuyers-are-overpaying-on-their-mortgage\" rel=\"nofollow noopener\" target=\"_blank\">Report: Most homebuyers are overpaying on their mortgage<\/a><\/p>\n<p>The lowest average interest rate offered is 5.93%, while the highest is 6.72%.<\/p>\n<p>The study adds that savings potential also varies significantly by state. <\/p>\n<p>Those in Hawaii are able to save the most, followed by New Jersey and California. <\/p>\n<p>Borrowers in New York could save the least, followed by those in West Virginia and Mississippi.<\/p>\n","protected":false},"excerpt":{"rendered":"A recent LendingTree study has found that borrowers who compare multiple loan offers can save significantly over the&hellip;\n","protected":false},"author":2,"featured_media":422146,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[155,157,156],"class_list":["post-422145","post","type-post","status-publish","format-standard","has-post-thumbnail","category-corpus-christi","tag-corpus-christi","tag-corpus-christi-headlines","tag-corpus-christi-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/422145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=422145"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/422145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/422146"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=422145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=422145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=422145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}