NewsABC Action News (WFTS) — NewsAugust 4, 2026Hillsborough
Bankrate report finds 87% of homebuyers overpay on mortgages by thousands annually
A new Bankrate analysis reports that 87% of mortgage borrowers are overpaying for their loans by failing to shop around for competitive interest rates. This lack of comparison costs the average homeowner more than $3,300 annually, totaling over $78,000 over the life of a 30-year mortgage.
Read the full story at ABC Action News (WFTS) — NewsWhy It Matters
Homeowners and prospective buyers can potentially reduce their long-term housing costs by comparing quotes from at least three different lenders on the same day.
Key Facts
Each fact below is taken from the article. Click one to see the exact passage.