The advantage of buying brokered CDs is that these usually carry higher interest
rates than those directly sold
at banks because brokerages can
pool investments before buying a
certain bank's CD.
To a
certain extent, programs offering low - interest first mortgage financing are a specialty of state housing finance agencies, which use annual allocations of tax - exempt mortgage revenue bond authority or dedicated state funds to generate
pools of mortgage money
at bargain
rates, generally about 1 percent to 2 percent below market
rates.