Lender Memo - Rate Adjustment

Memo Subject: 
Lender Memo - Rate Adjustment for Mortgage $aver Program
Memo Date: 
02/14/2011 (All day)
Memo No.: 
11-02

Interest Rate Adjustment-Mortgage$aver Program


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

 
Current Interest Rate
New Interest Rate
Mortgage$aver
4.500%
4.750%
Mortgag$aver Zero
5.000%
No Change
Mortgage$aver Plus
5.375%
No Change

 

The interest rate adjustment will be effective as of 8:00AM on February 14, 2011.