Interest Rate Adjustment-Mortgage$aver, Mortgage$aver Zero and Mortgage$aver Plus Program

Memo Subject: 
Interest Rate Adjustment-Mortgage$aver, Mortgage$aver Zero and Mortgage$aver Plus Program
Memo Date: 
07/05/2010 (All day)
Memo No.: 
10-10

Interest Rate Adjustment

Due to positive market conditions, MFA is decreasing the interest rate on the Mortgage$aver Zero and Mortgage$aver Plus program to the following:

 
Current Interest Rate
New Interest Rate
Mortgage$aver
4.875%
4.625%
Mortgage$aver Zero
5.25%
4.875%
Mortgage$aver Plus 5.625% 5.25%

 

The interest rate adjustment will be effective as of 8:00 AM on July 6, 2010.