Compromise sought on home mortgage rates in Texas
A Texas effort to raise the usury ceiling to 12 percent includes amendments allowing borrowers to refinance without penalty if rates fall. Meier and Donaldson push for six month rate adjustments and a refinancing option. Hearings paused without action as sponsors weigh public support and economic impact.
MENTIONED IN THIS ARTICLE
LEE Jones Associated Press
Austin
Texas
Nub Donaldson
D-Gatesville
Bill Meier
D-Euless
Meier
Donaldson
Senate Economic Development
Sipple
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