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FHFA House Price Index

U.S. house prices rose in April, up 0.2 percent from March. House prices rose 6.3 percent from April 2023 to April 2024.

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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

    Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models
    July 17, 2024
    Six federal regulatory agencies today issued a final rule, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to help ensure the credibility and integrity of models used in valuations for certain mortgages secured by a consumer’s principal dwelling. In particular, the rule will implement quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing those homes. The final rule is substantially similar to the proposalExternal link icon issued in June 2023.
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  • News Release

    FHFA Announces Multifamily Tenant Protections
    July 12, 2024
    The Federal Housing Finance Agency (FHFA) today announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the Enterprises). This announcement results from FHFA’s extensive and ongoing engagement with market participants and key stakeholders on tenant issues and represents the first time that tenant protections will be a standard component of Enterprise multifamily financing.
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  • News Release

    FHFA Announces Release of Historical VantageScore® 4.0 Credit Scores by the Enterprises
    July 11, 2024
    The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) are making historical VantageScore® 4.0 credit scores available to approved users to support the transition to updated credit score and credit report requirements.
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Spotlight Topics

  • Climate change image placeholder

    Climate Change and (ESG)

    The Federal Housing Finance Agency (FHFA) recognizes that climate change poses a serious threat to the U.S. housing finance...

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  • Suspension image placeholder

    ​Suspended Counterparty

    FHFA established the Suspended Counterparty Program (SCP) to help address the risk to Fannie Mae, Freddie Mac, and...

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Housing Market Indicators

MIRS Transition Index

MIRS Transition Index Release Dates Index Values
July 2024 7.08
June 2024 6.87
May 2024 6.73

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-Source Quarterly Change 2023Q4-2024Q1 Four Quarter Change 2023Q1-2024Q1
"Purchase-Only" U.S. Index
(Seasonally Adjusted)		 1.1% 6.6%
"Expanded-Data" U.S. Index
(Seasonally Adjusted)		 1.5% 6.6%