Rate Adjustment

Memo Subject: 
Rate Adjustment
Memo Date: 
01/24/2011 (All day)
Memo No.: 
11-01

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

Interest Rate Adjustment

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

 
Current Interest Rate
New Interest Rate
Mortgage$aver
4.250%
4.500%
Mortgag$aver Zero
4.750%
5.000%
Mortgage$aver Plus
5.250%
5.375%

 

The interest rate adjustment will be effective as of 8:00AM on January 24, 2011.