HUD Logo
USA%20Flag  
Site Map         A-Z Index         Text   A   A   A
HUD   >   Program Offices   >   Housing   >   Comp   >   HUD Mortgagee Debenture Interest Rates
Debenture Interest Rates

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 Commissioner 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 July 1, 2014 is 2.375 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 July 1, 2014 is 3.25 percent.

However, as a result of an amendment to Section 224 of the Act, if an insurance claim relating to a mortgage insured under sections 203 or 234 of the Act and endorsed for insurance after January 23, 2004, is paid in cash, the debenture interest rate for purposes of calculating a claim shall be the monthly average yield, for the month in which the default on the mortgage occurred, on United States Treasury Securities adjusted to a constant maturity of 10 years. The yields can be found in Federal Reserve Statistical Release H-15.

The Department will continue to publish semi-annually the debenture interest rate for the next six-month period in the Federal Register. Concurrently with the publication in the Federal Register, the Department will update the below list of debenture interest rates. For your convenience, here is a listing from 1980 to date. Debenture interest rates in effect prior to 1980 are available in the FHA Single Family Insurance Claims Handbook 4330.4, Revision 1, Appendix 4. The table below is also available as an Excel spreadsheet, Debenture  Rate   Table.

 

Effective Interest rate

on or after

Prior to

221(g)(4)

3.250 July 1, 2014 Jan 1, 2015 2.375
3.625 Jan 1, 2014 July 1, 2014 2.500
2.875 July 1, 2013 Jan 1, 2014 1.750

2.500

Jan 1, 2013 July 1, 2013 1.375
2.750 July 1, 2012 Jan 1, 2013 1.625

2.875

Jan 1, 2012 July 1, 2012 1.875
4.125 July 1, 2011 Jan 1, 2012

3.000

3.875 Jan 1, 2011 July 1, 2011

2.500

4.125 July 1, 2010 Jan 1, 2011 3.375
4.250 Jan 1, 2010 July 1, 2010 3.375
4.125 July 1, 2009 Jan 1, 2010 3.375
4.125 Jan 1, 2009 July 1, 2009 3.750
4.625 July 1, 2008 Jan 1, 2009 3.875
4.500 Jan 1, 2008 July 1, 2008 4.125
5.000 July 1, 2007 Jan 1, 2008 4.750
4.750 Jan 1, 2007 July 1, 2007 4.875
5.375 July 1, 2006 Jan 1, 2007 5.750
4.875 Jan 1, 2006 July 1, 2006 5.125
4.500 July 1, 2005 Jan 1, 2006 4.875
4.875 Jan 1, 2005 July 1, 2005 5.000
5.500 July 1, 2004 Jan 1, 2005 5.375

5.125

Jan 1, 2004 July 1, 2004 5.250
4.500 July 1, 2003 Jan 1, 2004 5.000
5.000 Jan 1, 2003 July 1, 2003 5.750

5.750

July 1, 2002

Jan 1, 2003

6.625

5.250

Jan 1, 2002

July 1, 2002

6.375

5.875

July 1, 2001

Jan 1, 2002

6.750

6.000

Jan 1, 2001

July 1, 2001

7.125

6.500

July 1, 2000

Jan 1, 2001

7.500

6.500

Jan 1, 2000

July 1, 2000

7.125

6.125

July 1, 1999

Jan 1, 2000

6.625

5.500

Jan 1, 1999

July 1, 1999

6.000

6.125

July 1, 1998

Jan 1, 1999

6.250

6.375

Jan 1, 1998

July 1, 1998

6.250

7.125

July 1, 1997

Jan 1, 1998

6.375

6.750

Jan 1, 1997

July 1, 1997

6.375

7.250

July 1, 1996

Jan 1, 1997

6.875

6.500

Jan 1, 1996

July 1, 1996

6.000

7.250

July 1, 1995

Jan 1, 1996

6.750

8.375

Jan 1, 1995

July 1, 1995

8.000

7.750

July 1, 1994

Jan 1, 1995

7.250

6.625

Jan 1, 1994

July 1, 1994

5.750

7.000

July 1, 1993

Jan 1, 1994

6.000

7.750

Jan 1, 1993

July 1, 1993

6.875

8.000

July 1, 1992

Jan 1, 1993

7.500

8.000

Jan 1, 1992

July 1, 1992

7.500

8.500

July 1, 1991

Jan 1, 1992

8.125

8.750

Jan 1, 1991

July 1, 1991

8.250

9.000

July 1, 1990

Jan 1, 1991

8.625

8.125

Jan 1, 1990

July 1, 1990

7.750

9.000

July 1, 1989

Jan 1, 1990

8.625

9.250

Jan 1, 1989

July 1, 1989

8.625

9.375

July 1, 1988

Jan 1, 1989

8.625

9.125

Jan 1, 1988

July 1, 1988

8.375

9.000

July 1, 1987

Jan 1, 1988

8.250

8.000

Jan 1, 1987

July 1, 1987

7.000

8.250

July 1, 1986

Jan 1, 1987

7.500

10.250

Jan 1, 1986

July 1, 1986

9.250

11.125

July 1, 1985

Jan 1, 1986

10.125

11.625

Jan 1, 1985

July 1, 1985

10.625

13.375

July 1, 1984

Jan 1, 1985

12.000

11.500

Jan 1, 1984

July 1, 1984

10.500

10.375

July 1, 1983

Jan 1, 1984

9.375

10.250

Jan 1, 1983

July 1, 1983

9.750

12.750

July 1, 1982

Jan 1, 1983

12.500

12.750

Jan 1, 1982

July 1, 1982

11.625

12.875

July 1, 1981

Jan 1, 1982

11.625

11.750

Jan 1, 1981

July 1, 1981

10.875

9.875

July 1, 1980

Jan 1, 1981

9.375

9.500

Jan 1, 1980

July 1, 1980

 

 

Comments and Questions