Skip to main content

FHFA House Price Index®

FHFA House Price Index® Up 0.2 Percent in January; Up 4.8 Percent from a Year Earlier 

Read More

FHFA is in the process of rescinding or revising guidance and policies posted on this webpage in accordance with Executive Order 14151 Ending Radical and Wasteful Government DEI Programs and Preferencing, and Executive Order 14168 Defending Women from Gender Ideology Extremism and Restoring Biological Truth to the Federal Government. In the interim, any previously issued diversity, equity, inclusion or gender-related guidance on this website should be considered rescinded.

About FHFA

The Federal Housing Finance Agency (FHFA) is an independent agency established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the effective supervision, regulation, and housing mission oversight of the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank System, which includes the 11 Federal Home Loan Banks (FHLBanks) and the Office of Finance (OF). The Agency's mission is to ensure that Fannie Mae and Freddie Mac (the Enterprises) and the FHLBanks (together, "the regulated entities") fulfill their mission by operating in a safe and sound manner to serve as a reliable source of liquidity and funding for housing finance and community investment. Since 2008, FHFA has also served as conservator of Fannie Mae and Freddie Mac.

Read More

 

Latest News

  • News Release

    March 25, 2025
    U.S. house prices rose 0.2 percent in January, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 4.8 percent from January 2024 to January 2025. The previously reported 0.4 percent price growth in December was revised upward to 0.5 percent.
    Read More

  • News Release

    William J. Pulte Sworn In as 5th Director of U.S. Federal Housing (FHFA)
    March 14, 2025
    In an Agency ceremony, William J. Pulte was sworn in today to a five-year term as Director of the United States Federal Housing Finance Agency (U.S. Federal Housing). Mr. Pulte was appointed to head the Agency by President Donald J. Trump.
    Read More

  • News Release

    U.S. House Prices Rise 4.5 Percent over the Prior Year; Up 1.4 Percent from the Third Quarter of 2024
    February 25, 2025
    U.S. house prices rose 4.5 percent between the fourth quarter of 2023 and the fourth quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 1.4 percent compared to the third quarter of 2024. FHFA’s seasonally adjusted monthly index for December was up 0.4 percent from November.
    Read More
View More

Spotlight Topic

  • Suspension red stamp

    ​Suspended Counterparty

    FHFA established the Suspended Counterparty Program to help address the risk to Fannie Mae, Freddie Mac, and the Federal Home Loan Banks presented by individuals and entities with a history of fraud or other financial misconduct.

    View ​Suspended Counterparty Program List

Housing Market Indicators

MIRS Transition Index

MIRS Transition Index Release DatesIndex Values
March 20256.92
February 20256.59
January 20256.77

MIRS transition index is intended to be used in lieu of the discontinued MIRS ARM Index for currently outstanding loans, and not as a reference rate on newly-originated adjustable-rate mortgages.  For further information, click here. 

House Prices

FHFA HPI-SourceQuarterly Change 2024Q3-2024Q4Four Quarter Change 2023Q4-2024Q4
"Purchase-Only" U.S. Index
(Seasonally Adjusted)		1.4%4.5%
"Expanded-Data" U.S. Index
(Seasonally Adjusted)		1.4%5.2%