In Bulletin 2020-1, Freddie Mac announced that it would cease purchasing CMT-indexed ARMs in 2021. In Bulletin 2021-4, we announced that Freddie Mac will not purchase any CMT-indexed ARM with an Application Received Date on and after July 1, 2021. In addition, Freddie Mac will no longer purchase CMT-indexed ARMs on and after October 1, 2021, regardless of the Application Received Date or Note Date.

At this time, the CMT index will continue to be published. Servicers will continue to adjust the interest rate for legacy CMT-indexed ARMs based on CMT indices for so long as they are available.