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New Refinance Test Effective October 24

We posted a new Refinance Test (2016Q3) which is effective starting today, October 24, for all new loans, except for Small Balance Loans. Changes to the test include market and interest rate data modifications. To more accurately represent refinance risk, the rates multiplier was adjusted which raises the implied 10-year forward rate in the test from 3.87 percent to 4.43 percent. Combined with broader market changes, the impact of this update is very small.

To access the new Refinance Test, visit our Refinance Test and Resources page. Please contact your Freddie Mac Multifamily representative with any Refinance Test questions.

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