Call Lenders Directly for Discount Rates

From Inman News Features

Plugging into Web sites to find the cheapest mortgage rates can be handy. But you don’t have to actually apply online to get the best deal, according to a recent survey.

It’s easy to use Internet brokers’ Web sites to find low rates, then call the lender directly and negotiate for a discount because you didn’t go through a broker, according to Sutro & Co., a San Francisco-based investment banking firm.