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Fannie Mae Modification Interest Rate Exhibit (11/07/2022)

The Fannie Mae Modification Interest Rate is subject to periodic adjustments based on an evaluation of prevailing market rates. The servicer must use the current Fannie Mae Modification Interest Rate indicated below when evaluating a borrower for a conventional mortgage loan modification.

NOTE: As a reminder, the interest rate used to determine the final modification terms must be the same fixed interest rate that was used when determining eligibility for the Trial Period Plan and calculating the Trial Period Plan payment.

The following table provides the current Fannie Mae Modification Interest Rate as well as historical adjustments.  

Effective Date

Interest Rate

November 15, 2022* 7.000%
October 14, 2022 6.250%
September 15, 2022 5.250%
August 12, 2022 5.500%
July 15, 2022 5.750%
June 14, 2022 5.250%
May 13, 2022 5.000%
April 14, 2022 4.375%

March 14, 2022


February 14, 2022


November 15, 2021


August 13, 2021


June 14, 2021


April 14, 2021


March 12, 2021


January 15, 2021


November 16, 2020


September 15, 2020


August 14, 2020


June 12, 2020


May 14, 2020


March 13, 2020


February 14, 2020


November 15, 2019


*Current Fannie Mae Modification Interest Rate

This document is incorporated by reference into the Fannie Mae Servicing Guide.

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