Carol and Calvin Mackey appeal from the district court’s grant of summary judgment in favor of the defendant, IndyMac Bank, F.S.B., on their claims seeking rescission under the Truth in Lending Act, 15 U.S.C. § 1635, as well as the court’s dismissal of their other federal and state law claims.

We review de novo a district court’s grant of summary judgment, applying the same legal standard used by the district court. Johnson v. Bd. of Regents of Univ. Of Ga., 263 F.3d 1234, 1242 (11th Cir. 2001).

After reviewing the record, reading the parties’ briefs, and having the benefit of *905 oral argument, we affirm the district court’s grant of summary judgment based on the magistrate judge’s well-reasoned Report and Recommendation filed on August 7, 2007.

AFFIRMED.