LoanSifter, Inc has launched the LoanSifter Available Mortgage Rate IndexT (AMRI),  the mortgage industry's first complete, real-time mortgage rate index and the only index that provides a realistic idea of what borrowers typically pay for a loan. 

The LoanSifter AMRI is derived from actual daily mortgage  rate searches that are used to create a set of residential loan rate data charts on what rates are  offered in the marketplace.  Traditional mortgage rate indices often derive  their datasets using a weekly survey that uses claimed mortgage rates. 

 "Current mortgage rate indices are useful, but they do not provide an  accurate reflection of what is happening in the market in real time," LoanSifter President Bruce Backer said. "In addition, other market tools  ignore the variation that exists among borrowers in their willingness to pay  points or closing costs, as well as the differences in characteristics of  loans and borrowers.  The LoanSifter AMRI gives the mortgage industry a much more complete view of the realities of the  market as they happen.  Meanwhile, consumers get a closer view into the  costs of currently available loans."

  

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