### Question
Can you define what going Federal rate of interest means?


### Answer
**Going Federal rate of interest** is defined as the following in *42 U.S.C. § 1590*:

> “going Federal rate” as that term is defined in the United States Housing Act of 1937 [42 U.S.C. 1437 et seq.]

#### Citation:
  - *42 U.S.C. § 1590*
  - Heading: **CHAPTER 9-HOUSING OF PERSONS ENGAGED IN NATIONAL DEFENSE > SUBCHAPTER VII-DISPOSAL OF WAR AND VETERANS&#8217; HOUSING**

