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.
The following table provides the current Fannie Mae Modification Interest Rate as well as historical adjustments.
| Effective Date | Interest Rate |
| January 17, 2023* | 6.375% |
| December 14, 2022 | 6.875% |
| 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 | 3.875% |
| February 14, 2022 | 3.500% |
| November 15, 2021 | 3.125% |
| August 13, 2021 | 2.875% |
| June 14, 2021 | 3.000% |
| April 14, 2021 | 3.125% |
| March 12, 2021 | 2.875% |
| January 15, 2021 | 2.750% |
| November 16, 2020 | 2.875% |
| September 15, 2020 | 3.000% |
| August 14, 2020 | 3.125% |
| June 12, 2020 | 3.250% |
| May 14, 2020 | 3.375% |
| March 13, 2020 | 3.500% |
*Current Fannie Mae Modification Interest Rate
This document is incorporated by reference into the Fannie Mae Servicing Guide.