The Mortgage Shopper is brought to you by www.mtgprofessor.com This app allows you to enter details of your mortgage transaction (i.e. loan amount, down payment, property type, credit score, etc.) and then get "Your Shopping Rate" which is the lowest live rate from multiple national lenders for your specific situation.
Rates are updated by the lenders on a daily basis so you always get current information.
The Mortgage Shopper also shows you the "minimum risk rate" which is the lowest rate available in the market for borrowers that are considered to be low risk by lenders.
You can optionally transfer your data to www.mtgprofessor.com to continue the process of selecting a particular lender, or to explore additional mortgage options.