Interest Rate Adjustment
In order to react to changing market conditions, MFA is increasing the interest rate on the following programs: Mortgage$aver Conv., Mortgage$aver Zero Conv. and Mortgage$aver Plus Conv. as follows:
|Current Interest Rate||New Interest Rate|
|Mortgage$aver – Gov’t||3.750%||No change|
|Mortgage$aver – Conv.||4.250%||4.375%|
|Mortgage$aver Zero – Gov’t||4.250%||No change|
|Mortgage$aver Zero – Conv.||4.625%||4.750%|
|Mortgage$aver Plus – Gov’t||4.750%||No change|
|Mortgage$aver Plus – Conv.||5.250%||5.375%|
The interest rate adjustment is effective as of 9:00 am on July 31, 2014.
Thank you for participating in MFA’s program. Should you have any questions, please contact an MFA Homeownership Representative at 1-800-444-6880 or 505-843-6880.