SUMMARY: 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, 2010, is 3\3/8\ 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, 2010, is 4\1/4\ 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 January23, 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 StatesTreasury Securities adjusted to a constant maturity of 10 years.

FOR FURTHER INFORMATION CONTACT:
Yong Sun, Department of Housing and Urban Development,
451 Seventh Street, SW., Room 5148,
Washington, DC  20410-8000;
telephone (202) 402-4778 (this is not a toll-free number).
Individuals with speech or hearing impairments may access this number
through TTY by calling the toll-free Federal Information Relay Service
at (800) 877-8339.


To view the notice in its entirety, including a chart of debenture interest rates applicable to mortgages committed or endorsed since January 1, 1980, please click here