Freddie Mac Modification Interest Rate

Current Interest Rate:

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.