Lender Memo - Rate Adjustment

Memo Subject: 
Interest Rate Adjustment-Mortgage$aver and Mortgage$aver Zero Programs
Memo Date: 
06/06/2011 (All day)
Memo No.: 
10-04


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

 
Current Interest Rate
New Interest Rate
Mortgage$aver
4.750%
4.500%
Mortgag$aver Zero
5.125%
4.875%
Mortgage$aver Plus
5.500%
Unchanged

 

The interest rate adjustment will be effective as of 8:00AM on June 6, 2011.