Freddie Mac Modification Interest Rate
Current Interest Rate:
Effective July 17, 2023
6.750%
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 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 modification.
Please refer to Single-Family Seller/Servicer Guide (Guide) Section 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 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.
2023 Effective Dates |
Interest Rates |
|---|---|
|
June 14, 2023 — July 16, 2023
|
6.500%
|
|
May 12, 2023 - June 13, 2023
|
6.375%
|
|
April 14, 2023 - May 11, 2023
|
6.625%
|
|
January 17, 2023 - April 13, 2023
|
6.375%
|
|
December 14, 2022 - January 16, 2023
|
6.875%
|
2022 Effective Dates |
Interest Rates |
|
November 15, 2022 - December 13, 2022
|
7.000%
|
|
October 14, 2022 - November 14, 2022
|
6.250%
|
|
September 15, 2022 - October 13, 2022
|
5.250%
|
|
August 12, 2022 - September 14, 2022
|
5.500%
|
|
July 15, 2022 - August 11, 2022
|
5.750%
|
|
June 14, 2022 - July 14, 2022
|
5.250%
|
|
May 13, 2022 - June 13, 2022
|
5.000%
|
|
April 14, 2022 - May 12, 2022
|
4.375%
|
|
March 14, 2022 - April 13, 2022
|
3.875%
|
|
February 14, 2022 - March 13, 2022
|
3.500%
|
2021 Effective Dates |
Interest Rates |
|
November 15, 2021 - February 13, 2022
|
3.125%
|
|
August 13, 2021 - November 14, 2021
|
2.875%
|
|
June 14, 2021 - August 12, 2021
|
3.00%
|
|
April 14, 2021 - June 13, 2021
|
3.125%
|
|
March 12, 2021 - April 13, 2021
|
2.875%
|
|
January 15, 2021 - March 11, 2021
|
2.750%
|
2020 Effective Dates |
Interest Rates |
|
December 16, 2020 - January 14, 2021
|
2.875%
|
|
November 20, 2020 - December 15, 2020
|
2.875%
|
|
September 15, 2020 - November 19, 2020
|
3.000%
|
|
August 14, 2020 - September 14, 2020
|
3.125%
|
|
June 12, 2020 - August 13, 2020
|
3.250%
|
|
May 14, 2020 - June 11, 2020
|
3.375%
|
|
March 13, 2020 - May 13, 2020
|
3.500%
|
|
February 14, 2020 - March 12, 2020
|
3.625%
|
2019 Effective Dates |
Interest Rates |
| November 15, 2019 - February 13, 2020 | 3.750% |
| September 16, 2019 - November 14, 2019 | 3.625% |
| July 15, 2019 - September 15, 2019 | 3.875% |
| June 14, 2019 - July 14, 2019 | 4.125% |
| June 14, 2019 - July 14, 2019 | 4.250% |
| March 14, 2019 - May 13, 2019 | 4.375% |
| February 14, 2019 - March 13, 2019 | 4.500% |
| January 15, 2019 - February 13, 2019 | 4.750% |
2018 Effective Dates |
Interest Rates |
|
November 14, 2018 - January 14, 2019
|
4.875%
|
|
October 12, 2018 - November 13, 2018
|
4.750%
|
|
June 14, 2018 - October 11, 2018
|
4.625%
|
|
April 13, 2018 - June 13, 2018
|
4.500%
|
|
March 14, 2018 - April 12, 2018
|
4.375%
|
|
February 14, 2018 - March 13, 2018
|
4.125%
|
2017 Effective Dates |
Interest Rates |
|
November 14, 2017 - February 13, 2018
|
4.000%
|
|
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%
|
2016 Effective Dates |
Interest Rates |
|
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%
|
2015 Effective Dates |
2015 Effective Dates |
|
December 14, 2015 – February 11, 2016
|
4.00%
|
