When Single Family mortgage insurance premium payments are received late, the Current Value of Funds Rate (CVFR) is used to calculate interest due. Interest charged is simple interest at the rate in effect at the time the debt becomes overdue. The rate of interest remains fixed for the duration of the indebtedness (I TFM 6-8025.40).

The CVFR, effective January 1 of each year, is based on the Treasury Tax and Loan (TT&L) rate for the 12-month period ending the previous September 30, rounded to the nearest whole percent. The rate is published annually in the Federal Register by October 31. The rate is calculated quarterly on a 12-month rolling average of the TT&L rate and is subject to revision only if the published rate changes by 2 percentage points at the close of the prior calendar quarter.

For a recorded message with the current rate, call the Treasury's Financial Management Service (FMS) Inside Line at (202) 874-6995. This is accessible 24 hours a day.

The FMS Inside Line is an information center managed by the Cash Management Directorate of the Treasury's Financial Management Service. Through it, you can obtain electronic mail, bulletins, and financial texts and software.

There is no charge for these services. There are 3 paths in:

• by Modem:

(202) 874-6817
874-6953
874-7034

Set your computer and modem for N-8-1 communications and up to 9600 baud.

• by Voice:

(202) 874-6995

Use your telephone keypad to obtain Federal program interest rate information.

• by Voice with FAX Response:

(202) 874-8616

Have documents sent to your fax by entering data from your telephone keypad. Request Image #1 for a list of what is available. 

To request additional information regarding Single Family Mortgage Insurance Premiums and the Current Value of Funds Rate, please send an email.