Bankrate (RATE) is a leading publisher, aggregator and distributor of personal finance content on the Internet. Realtor.com, operated by Move, Inc. (NASDAQ: MOVE), is the leader in providing consumers the most accurate U.S. residential for-sale listings online*.
The application provides an affordability tool and monthly payment calculator to help potential home buyers find their target price range. Users can then tap to view listings that match those calculations. The affordability estimate takes into account interest rates, personal mortgage insurance and works with local tax and insurance rates so potential home buyers know upfront approximately what they can spend on a home.
“Consumers want access to accurate information on the spot,” said Move’s chief executive officer, Steve Berkowitz. “Nearly 60 percent of the traffic on realtor.com now comes from consumers using mobile devices. This application reflects our efforts to optimize and develop technology based on putting the most important information at the consumer’s fingertips. Today realtor.com and Bankrate launch a mobile application that combines comprehensive mortgage loan rate information with the most accurate listings in the industry.”
“Housing inventory in many areas can move fast and consumers need the answers to their questions to be accurate and quick,” said Bankrate.com’s chief executive officer, Don Ross. “Working with realtor.com on this thorough mobile offering allows Bankrate to provide home buyers with access to all the essential information they need for a potential purchase while they’re on the go,” Mr. Ross added.
With the realtor.com mortgage application, you can:
Edited by Gordana Davila
* "Most accurate" claim(s) pertain to the accuracy of home listings and are based on comparison with other national listing portals, and on the greater frequency of listings updating on realtor.com.