Two-Thirds of Buyers Fail to Shop Around for a Mortgage

Many buyers may be potentially leaving money on the table by failing to contact more than one lender when shopping for a mortgage. Two-thirds—or 65 percent—of 1,000 buyers recently surveyed said they didn’t shop around for a mortgage, despite it being the biggest purchase they’ll ever make.

The study, conducted by PenFed Credit Union, also found a lot of confusion surrounding mortgages.