Story perspectives
69% of Homebuyers Limit Options with Single Mortgage Application
12/21/2025
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Story summary
- A Zillow report finds 69% of homebuyers submit only one mortgage application, limiting options.
- Average 30-year mortgage rates stay above 6.2%, which can affect payments and total interest.
- For example, a $360,000 loan at 6.25% yields about $437,969 in interest over 30 years, while a 5.75% rate lowers it to $396,310, saving $41,659.
- Experts advise comparing lenders and understanding closing costs, which can vary and affect overall expenses.
