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IPhone app does mortgage rate searches

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Mortgagebot LLC says a six-week-old iPhone app for its mortgage-shopping Web site Mortgage Marvel generated 30,000 rate searches in January. The iPhone application program, released in December, delivers mortgage quotes in real time, and is available at no charge at the iPhone App Store. Users can enter property-related data points to obtain detailed mortgage quotes anonymously. The application allows users to click through and apply for a loan on a lender's Web site, obtaining approval with full disclosures in 20 minutes or less, the company said. Low interest rates have helped boost the number of rate searches at Mortgage Marvel by 321 percent in January compared to last fall, the company said. *** What's your opinion? Leave your comments below or send a letter to the editor. ...