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ALL Americans

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.

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Latest News

  • News Release

    U.S. Federal Housing Allows Fannie Mae and Freddie Mac to Approve Rocket Acquisition of Mr. Cooper with Appropriate Safety and Soundness Guardrails
    August 26, 2025
    Today U.S. Federal Housing, in keeping with its statutory responsibilities as conservator of Fannie Mae and Freddie Mac (the Enterprises), allowed both Enterprises to approve Rocket Companies’ proposed acquisition of Mr. Cooper Group, subject to appropriate conditions to ensure the ongoing safety and soundness of Fannie Mae and Freddie Mac.
    Read More

  • News Release

    U.S. House Prices Rise 2.9 Percent Year over Year; Unchanged Quarter over Quarter
    August 26, 2025
    U.S. house prices rose 2.9 percent between the second quarter of 2024 and the second quarter of 2025, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the second quarter of 2025 remained unchanged compared to the first quarter of 2025. FHFA’s seasonally adjusted monthly index for June was down 0.2 percent from May.
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  • News Release

    August 05, 2025
    Consistent with President Trump’s historic One Big Beautiful Bill, U.S. Federal Housing is expanding America’s affordable housing supply by doubling the amount that Fannie Mae and Freddie Mac can invest in safe and sound Low Income Housing Tax Credits properties from $1 billion to $2 billion each, a total of $4 billion per year.
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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

  • FHFA House Price Index®

    The FHFA House Price Index® (FHFA HPI®) is a comprehensive​ collection of publicly available house price indexes that measure changes in single-family home values based on data from all 50 states and over 400 American cities.

    View the latest report

Housing Market Indicators

MIRS Transition Index

MIRS Transition Index Release DatesIndex Values
August 20256.83
July 20256.80
June 20256.61

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 2025Q1-2025Q2Four Quarter Change 2024Q2-2025Q2
"Purchase-Only" U.S. Index
(Seasonally Adjusted)		0.0%2.9%
"Expanded-Data" U.S. Index
(Seasonally Adjusted)		0.5%4.0%