Americans shop around for everything but mortgages

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Americans are far more likely to go out of their way just to save 10 cents on a gallon of gas than they are to shop around for the best rate on a home loan, a new study found.

The study, released last week by LendingTree, found that 79% of Americans consider themselves to be “bargain hunters” and 92% of Americans have researched prices online for purchasing an item.But that bargain hunting ends for major financial loans, like cars and houses.

According to the LendingTree study, which is based on a nationally representative survey of 1,024 American consumers, 80% of Americans said they would drive further than normal to save a few cents on gas, while just over 14% of Americans said they regularly comparison shop when it comes to loans, whether they are personal, mortgage or auto.

To learn more go to:

http://www.housingwire.com/articles/35322-study-americans-shop-around-for-everything-but-mortgages