Interest Rate Adjustment-Mortgage$aver and Mortgage$aver Zero Programs

Memo Subject: 
Interest Rate Adjustment-Mortgage$aver and Mortgage$aver Zero Programs
Memo Date: 
08/08/2011 (All day)
Memo No.: 
11-06


Due to changing market conditions, MFA is decreasing the interest rates on the Mortgage$aver program, as follows:

 
Current Interest Rate
New Interest Rate
Mortgage$aver
4.250%
4.000%
Mortgag$aver Zero
4.875%
4.500%
Mortgage$aver Plus
5.500%
Unchanged

 

The interest rate adjustment will be effective as of 8:00AM on August 8, 2011.