LoanSifter Develops Real-Time Mortgage Rate Index

LoanSifter Inc., a provider of real-time pricing data for the mortgage industry, has launched its Available Mortgage Rate Index (AMRI), which is derived from actual daily mortgage rate searches.

The AMRI can be used by mortgage lenders and other parties to gain insight into the current costs of getting a home loan, the current pricing environment and the overall climate for mortgage rates, as well as to identify trends in the mortgage market. The tool leverages the LoanSifter database through the daily mining of real-time rate searches to create a set of residential loan rate data charts on what rates are offered in the marketplace.

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