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Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates
Plain English Summary
The Federal Housing Administration has announced new interest rates for debentures related to loans or mortgages insured under the National Housing Act. Starting January 1, 2026, the interest rate for certain debentures will be set at 4%. For other debentures, the interest rate will be either the rate at the time the loan was committed or endorsed, or 4.75%, whichever is higher. Insurance agents should be aware of these changes and inform their clients about the new rates effective in 2026.
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This notice announces changes in the interest rates to be paid on debentures issued with respect to a loan or mortgage insured by the Federal Housing Administration under the provisions of the National Housing Act (the Act). The interest rate for debentures issued under Section 221(g)(4) of the Act during the 6-month period beginning January 1, 2026, is 4 percent. The interest rate for debentures issued under any other provision of the Act is the rate in effect on the date that the commitment to insure the loan or mortgage was issued, or the date that the loan or mortgage was endorsed (or initially endorsed if there are two or more endorsements) for insurance, whichever rate is higher. The interest rate for debentures issued under these other provisions with respect to a loan or mortgage committed or endorsed during the 6-month period beginning January 1, 2026, is 4\3/4\ percent.