We posted a new Refinance Test (2023Q4) effective for all new loans, except for Small Balance Loans, starting Monday, December 11. 

The implied 10-year forward rate is set at 4.93%. The updated test is more restrictive than last release. 

To access the new Refinance Test, visit our Refinance Test and Resources page. 

Please contact your Freddie Mac Multifamily representative with any questions.