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Maryland DHCD announces reduction in CDA mortgage interest rates

The Maryland Department of Housing and Community Development announced today that it was reducing rates by 1/2% on CDA mortgage loans and eliminating the MMP+2% and MMP+3% grant programs. 

The new 30yr Fixed Rates will be:
4.875% & 3 Points
5.000% & 2 Points
5.125% & 1 Point
5.25% & 0 Points

More information about the program is available at www.mmprogram.com.  Call or email me for more information on qualifying for the Maryland CDA program.

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