Broker Home Loan Refinance Mortgage Rate Calculator Brazos Auction-Rate Yields Exceed Loan Interest Rates (Update1) (Bloomberg.com) by Back Cash Loan Mortgage Refinance

Wed, 16 Jul 2008 19:00:12 -0600

Broker Home Loan Refinance Mortgage Rate Calculator Brazos Auction-Rate Yields Exceed Loan Interest Rates (Update1) (Bloomberg.com)

by Back Cash Loan Mortgage Refinance @ Wed, 16 Jul 2008 19:00:12 -0600

June 2 (Bloomberg) -- Brazos Group Inc., the largest municipal borrower in the $330 billion auction-rate securities market, is stuck with $7 billion of debt it can't refinance, restructure or buy back. Broker fees may come in different forms, either as an addition to your interest rate, a separate fee, or points paid at closing. With all these additional fees, you might find that your best mortgage rate deal may not sound so great after all.


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