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Helping Restore the American Dream for
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

    Fannie Mae and Freddie Mac Remove Certain Homeowners Insurance Requirements That Will Reduce Costs
    March 18, 2026
    American homebuyers are about to get a break. New rules for Fannie Mae and Freddie Mac mortgages will help to lower home insurance bills for millions of families, especially in rural areas and condo buildings. The changes fix expensive, stupid Biden-era requirements with simple, common-sense updates that respond to today’s skyrocketing insurance prices. “Thanks to President Trump’s landslide victory, we are replacing a disruptive and expensive Biden insurance mandate with commonsense policies for today’s market,” said FHFA Director William J. Pulte.
    Read More

  • News Release

    U.S. House Prices Rise 1.8 Percent Year over Year; Up 0.8 percent Quarter over Quarter
    February 24, 2026
    U.S. house prices rose 1.8 percent between the fourth quarter of 2024 and the fourth quarter of 2025, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the fourth quarter of 2025 rose 0.8 percent compared to the third quarter of 2025. FHFA’s seasonally adjusted monthly index for December rose 0.1 percent from November.
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  • News Release

    FHFA House Price Index® Up 0.6 Percent in November; Up 1.9 Percent from Last Year
    January 27, 2026
    U.S. house prices rose 0.6 percent in November, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 1.9 percent from November 2024 to November 2025. The previously reported 0.4 percent price change in October remained unchanged.
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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
February 20266.21
January 20266.23
December 20256.29

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 2025Q3-2025Q4Four Quarter Change 2024Q4-2025Q4
"Purchase-Only" U.S. Index
(Seasonally Adjusted)		0.8%1.8%
"Expanded-Data" U.S. Index
(Seasonally Adjusted)		0.7%2.8%