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: 
09/13/2010 (All day)
Memo No.: 
10-12

Interest Rate Adjustment

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

 
Current Interest Rate
New Interest Rate
Mortgage$aver
4.625%
4.375%
Mortgag$aver Zero
 4.875% 4.625%
Mortgage$aver Plus 5.25% 5.00%

 

The interest rate adjustment will be effective as of 12:01 AM on September 13, 2010.

 
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