New Refinance and Affordability Tests Effective June 6
We posted a new Refinance Test (2022 Q2) effective for all new loans, except for Small Balance Loans, starting Monday, June 6. The implied 10-year forward rate is set at 4.00%. The updated test is more restrictive than last release.
A new Affordability Test is also available for use. With this version, we’ve updated the rural tract data for 2022 and added a new field to show Preservation units.
Please contact your Freddie Mac Multifamily representative with any questions.