PHOENIX (AZFamily) — Nearly nine in 10 homebuyers overpay for their mortgage, according to a new Bankrate analysis — not because better deals weren’t available, but because they never found them. Bankrate’s Alex Gailey said the typical borrower overspends by more than $3,300 annually by failing to lock in the most competitive rate. Over the life of a 30-year loan, that adds up to $78,186. For those who have bought a home since 2022, Gailey says the problem is widespread.