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Freddie Mac Modification Interest Rate

Current Interest Rate
Effective November 14, 2017
4.00%

Servicers must use this modification interest rate, a fixed interest rate provided by Freddie Mac, when determining the terms of a Flex Modification® Trial Period Plan, or a Capitalization and Extension Modification for Disaster Relief (Disaster Relief Modification) Trial Period Plan or as required by Freddie Mac. In these situations, the same modification interest rate used for the Trial Period Plan must also be used for the permanent modification.

Please refer to Single-Family Seller/Servicer Guide (Guide) Sections 9206.4, 9206.5 and 9206.10 for details on when to use the modification interest rate.

Guidelines for Using the Interest Rate

Use the following guidelines for utilizing the modification interest rate:

  • Visit this Web page on or after the fifth business day of every month for the new interest rate.
  • Implement the new interest rate on the tenth business day of the month, but no sooner.
  • Use the interest rate that is in effect and posted on Freddie Mac's website as of the date the Servicer evaluates and determines the Borrower is eligible for a Trial Period Plan.
  • Ensure the interest rate used for the permanent modification is the same fixed rate that was used when determining eligibility for the Trial Period Plan and calculating the Trial Period payment – even if the posted modification interest rate subsequently changes.

Historical Interest Rates

Effective Dates
Interest Rates
September 15, 2017 – November 13, 2017
3.875%
July 17, 2017 – September 14, 2017
4.000%
May 12, 2017 – July 16, 2017
4.125%
January 13, 2017 – May 11, 2017
4.250%
December 14, 2016 – January 12, 2017
3.875%
August 12, 2016 – December 13, 2016
3.500%
May 13, 2016 – August 11, 2016
3.625%
March 14, 2016 – May 12, 2016
3.750%
February 12, 2016 – March 13, 2016
3.875%
December 14, 2015 – February 11, 2016
4.00%

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