5 States Where Homebuyers Could Save More Than $100K by Comparison Shopping for a Mortgage

High mortgage rates are hindering many potential homebuyers' dreams of homeownership. A study by LendingTree reveals that by comparing rates from different lenders, borrowers could save an average of $76,410 over a 30-year loan. The savings can exceed $100,000 in states like California, New Jersey, Hawaii, Washington, and Minnesota. Even in states with lower savings like South Dakota, borrowers could still save over $35,000. The study, based on data from 34,000 LendingTree users, highlights the significant impact of small differences in interest rates on long-term savings.