Homebuyers, you could have saved $47,271 by shopping around for a mortgage last week

Mortgage borrowers who shopped around last week could’ve saved $47,271 on the life of a $300,000 loan, according to LendingTree’s Mortgage Rate Competition Index. However, the share of borrowers who received rates under 4.25% fell to 24.2%, with the index growing to one for the week ending June 2, 2019.