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Freddie Mac Standard Modification Interest Rate

Current Interest Rate
Effective May 14, 2015
4.00%

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

Please review this Web page and Single-Family Seller/Servicer Guide (Guide) Sections B65.18, B65.12.1 and B65.12.2 when using the Standard Modification interest rate.

Guidelines to Using the Interest Rate

Use the following guidelines to determine a borrower's eligibility for a Standard Modification and to calculate the terms of a Standard Modification, Streamlined Modification or Disaster Relief Modification Trial Period payment:

  • 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 when evaluating a borrower until the mandatory effective date of the new interest rate.
  • Ensure the interest rate used to determine final modification terms 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 interest rate that must be used for new Trial Period Plan evaluations subsequently changes.

Historical Interest Rates

Effective Dates
Interest Rates
April 14, 2015 – May 13, 2015
4.125%
February 13, 2015 – April 13, 2015
4.00%
January 15, 2015 – February 12, 2015
4.125%
November 14, 2014 – January 14, 2015
4.25%

Additional Resources

Are you a homeowner?

If you believe you qualify for a Standard Modification, please contact the company to whom you make your mortgage payments. Delinquent borrowers eligible for assistance will be contacted by their mortgage Servicer. Read more about how to avoid foreclosure.

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