Quarterly Update to the Refinance Test
December 3, 2012
Freddie Mac Multifamily is providing our quarterly update to the Refinance Test, reflecting the most current multifamily market conditions including forecasted rental growth rates, vacancy rates, interest rates, and cap rates.
New Test Now Available – Required for New Loans Effective December 3
We’ve retired last quarter’s Refinance Test version and updated the Quick Link on the Originate & Underwrite main page with the new test. The new test should now be used with any loan that is not yet rate-locked.
Using the Results of the Refinance Test
As always, when a loan does not pass the test, this is simply an indicator for you to discuss the parameters sooner with your underwriter. It does not necessarily mean Freddie Mac will not buy the loan.