5.625% mortgage interest in New Orleans

Stacy Head sent out an email reporting that The Finance Authority of New Orleans is offering:

... mortgage interest rates as low as 5.625%. Our home mortgage loan program is designed to help you renovate your home, purchase a new home, or purchase and renovate an existing home in Orleans Parish. This mortgage loan program is not limited to the first-time homebuyer and is available for all income groups. All of our loans are 30 year fixed rate mortgages.