... Keith T. Gumbinger, the vice president of HSH Associates, which tracks mortgage rates and provides rate quotes from lenders, says that while there is plenty of mortgage information out there, much of what has been available on the Web until recently is "broad but shallow."
"Consumers often can't get some of the more technically oriented stuff," he said, citing explanations of when an adjustable-rate mortgage actually adjusts, or prepayment penalties apply. ...
... A poll of more than 1,300 homeowners conducted by Harris Interactive, a market research firm, for LendingTree, and published in December, found that while 96 percent of Americans comparison-shopped for "anything," only 61 percent said they did so for mortgages. The remaining 39 percent took out home loans based on just one quote — even though 9 in 10 of those buyers said they knew that rates varied among lenders. ...
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