Regional Pricing for Freddie Mac Small Balance Loans
The Freddie Mac Optigo Small Balance Loan program recently changed the way interest rates are determined. In addition to each area being classified as a Top, Standard, Small, or Very Small Market, a new regional pricing system is used, with the U.S. being divided into 5 distinct regions.
Northeast
Delaware, Pennsylvania, New Jersey, New York, Rhode Island, Connecticut, Massachusetts, Vermont, New Hampshire, Maine
| Market Tiers | 5-Year Hybrid | 7-Year Hybrid | 10-Year Hybrid | 5-Year Fixed | 7-Year Fixed | 10-Year Fixed |
|---|---|---|---|---|---|---|
| Top Markets | 4.23% | 4.37% | 4.57% | 4.23% | 4.42% | 4.57% |
| Standard Markets | 4.51% | 4.52% | 4.61% | 4.66% | 4.62% | 4.66% |
| Small Markets | 4.90% | 4.76% | 4.95% | 4.90% | 4.86% | 5.00% |
| Very Small | 5.11% | 4.95% | 5.11% | 5.11% | 5.05% | 5.16% |
Southeast
Arkansas, Louisiana, Mississippi, Tennessee, Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia, West Virginia, Maryland
| Market Tiers | 5-Year Hybrid | 7-Year Hybrid | 10-Year Hybrid | 5-Year Fixed | 7-Year Fixed | 10-Year Fixed |
|---|---|---|---|---|---|---|
| Top Markets | 4.18% | 4.42% | 4.47% | 4.23% | 4.47% | 4.47% |
| Standard Markets | 4.51% | 4.57% | 4.61% | 4.56% | 4.67% | 4.66% |
| Small Markets | 4.85% | 4.71% | 4.70% | 4.85% | 4.81% | 4.75% |
| Very Small | 5.06% | 4.90% | 5.06% | 5.06% | 5.00% | 5.11% |
North Central
North Dakota, South Dakota, Nebraska, Kansas, Missouri, Iowa, Minnesota, Wisconsin, Michigan, Illinois, Missouri, Indiana, Ohio, Kentucky
| Market Tiers | 5-Year Hybrid | 7-Year Hybrid | 10-Year Hybrid | 5-Year Fixed | 7-Year Fixed | 10-Year Fixed |
|---|---|---|---|---|---|---|
| Top Markets | 4.18% | 4.42% | 4.57% | 4.28% | 4.47% | 4.57% |
| Standard Markets | 4.51% | 4.57% | 4.66% | 4.56% | 4.67% | 4.71% |
| Small Markets | 4.85% | 4.71% | 4.70% | 4.85% | 4.81% | 4.75% |
| Very Small | 5.06% | 4.90% | 5.06% | 5.06% | 5.00% | 5.06% |
South Central
Montana, Wyoming, Colorado, New Mexico, Texas, Oklahoma
| Market Tiers | 5-Year Hybrid | 7-Year Hybrid | 10-Year Hybrid | 5-Year Fixed | 7-Year Fixed | 10-Year Fixed |
|---|---|---|---|---|---|---|
| Top Markets | 4.13% | 4.37% | 4.57% | 4.18% | 4.42% | 4.57% |
| Standard Markets | 4.61% | 4.52% | 4.66% | 4.66% | 4.62% | 4.71% |
| Small Markets | 4.85% | 4.71% | 4.70% | 4.90% | 4.81% | 4.75% |
| Very Small | 5.06% | 4.90% | 5.06% | 5.11% | 5.00% | 5.11% |
Western
Washington, Oregon, Idaho, California, Nevada, Utah, Arizona, Alaska
| Market Tiers | 5-Year Hybrid | 7-Year Hybrid | 10-Year Hybrid | 5-Year Fixed | 7-Year Fixed | 10-Year Fixed |
|---|---|---|---|---|---|---|
| Top Markets | 4.08% | 4.27% | 4.42% | 4.23% | 4.57% | 4.47% |
| Standard Markets | 4.56% | 4.52% | 4.66% | 4.71% | 4.67% | 4.76% |
| Small Markets | 4.85% | 4.71% | 4.9% | 4.9% | 4.86% | 4.95% |
| Very Small | 5.06% | 4.90% | 5.06% | 5.11% | 5.05% | 5.11% |