Jun 5, 2014 14-14
IInterest Rate Adjustment Mortgage$aver Conventional and HERO Programs
Interest Rate Adjustment
In order to react to changing market conditions, MFA is increasing the interest rates on the Mortgage$aver Conventional and HERO programs, as follows:
|Current Interest Rate||New Interest Rate|
|Mortgage$aver – Gov’t||3.750%||No change|
|Mortgage$aver – Conv.||4.250%||4.375%|
|Mortgage$aver Zero – Gov’t||4.000%||No change|
|Mortgage$aver Zero – Conv.||4.625%||4.750%|
|Mortgage$aver Plus – Gov’t||4.750%||No change|
|Mortgage$aver Plus – Conv.||5.250%||5.375%|
The interest rate adjustment for the HERO Program was effective as of 9:00 AM on June 5, 2014.
The interest rate adjustment for the Conventional Mortgage$aver Programs is effective as of 12:00 Noon on June 5, 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.