This simple tip can save you tens of thousands of dollars on your mortgage, experts say

February 28, 2026

TL;DR

Average 30-year mortgage rates have fallen below 6%, the lowest since 2022.
Shopping around for the best loan can save first-time homebuyers tens of thousands of dollars.
The average difference between the lowest and highest APR can be as much as 0.74 percentage points.
Lower rates are expected to attract more buyers during the spring season.
Experts predict mortgage rates will hover around 6% for the rest of the year.
Individual credit records, down payment amounts, and loan duration affect borrowing costs.
Comparing loan offers can help buyers negotiate better terms with their preferred lender.

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