Merrill Lynch Announces the Blended-Rate Mortgage Loans Finance & Mortgage

Merrill Lynch Announces the Blended-Rate Mortgage

Business Editors

NEW YORK--(BUSINESS WIRE)--May 25, 2004

Revolutionary Home-Financing Product Combines Benefits of Fixed

and Adjustable Rates to Help Clients Diversify Interest Rate Risk

Merrill Lynch (NYSE: MER) today announced the Blended-Rate(SM) mortgage, a new adjustable-rate product that combines the lower rates of an adjustable-rate mortgage (ARM) with the lower risk of fixed-rate home financing.

"Until now, homeowners have had two basic choices - paying for the security of a traditional, fixed-rate mortgage or taking on more risk to benefit from lower rates and lower monthly payments with an ARM," said Larry Washington, chairman and CEO of Merrill Lynch Credit Corporation. "The flexibility of the Blended-Rate mortgage can offer clients both lower rates and lower risk. In light of interest rate concerns, this should be a very attractive option."(Continue Reading)

Merrill Lynch Announces the Blended-Rate Mortgage
Business Editors NEW YORK--(BUSINESS WIRE)--May 25, 2004 Revolutionary Home-Financing Product Combines Benefits of Fixed and Adjustable Rates to Help Clients Diversify Interest Rate Risk Me(Continue Reading)

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