How much can I typically negotiate or shop around to lower my mortgage rate between lenders?

Rate quotes for the same borrower can vary meaningfully between lenders, and the CFPB has found that shoppers who get several quotes can save thousands over the life of a loan. Request Loan Estimates from at least three to five lenders on the same day, since rates move daily, and compare the rate, points, and total lender fees in section A. Bring a competitor's Loan Estimate and ask others to beat it, because lenders can adjust pricing or credits. All mortgage inquiries within a 45-day window count as a single hard inquiry under most credit scoring models, so rate shopping barely dents your score. See the CFPB's guidance at consumerfinance.gov on comparing mortgage offers.