Interest Rate Adjustment
Due to changing market conditions, MFA is decreasing the interest rate on the Mortgage$aver and HERO programs, as follows:
|Current Interest Rate||New Interest Rate|
|Mortgage$aver – Gov’t||4.250%||4.000%|
|Mortgage$aver – Conv.||4.500%||No change|
|Mortgage$aver Zero – Gov’t||4.750%||4.500%|
|Mortgage$aver Zero – Conv.||5.000%||No change|
|Mortgage$aver Plus – Gov’t||5.250%||5.000%|
|Mortgage$aver Plus – Conv.||5.500%||No change|
The interest rate adjustment is effective as of 9:00 AM on March 13, 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.