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Interest Rate Adjustment-Mortgage$aver Program

Interest Rate Adjustment

Due to changing market conditions, MFA is decreasing the interest rate on the Mortgage$aver program, as follows:

  Current Interest Rate New Interest Rate
Mortgage$aver – Gov’t 3.250% No change
Mortgage$aver – Conv. 3.500% No change
Mortgage$aver Zero – Gov’t 3.750% 3.500%
Mortgage$aver Zero – Conv. 4.000% 3.750%
Mortgage$aver Plus – Gov’t 4.250% 4.000%
Mortgage$aver Plus – Conv. 4.500% 4.250%

 

The interest rate adjustment was effective as of 8:00 AM on April 29, 2013.