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FHFA House Price Index

FHFA House Prices Rise 0.4 Percent in October; Up 4.5 Percent from a Year Earlier.

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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

    FHFA House Prices Rise 0.4 Percent in October; Up 4.5 Percent from a Year Earlier
    December 31, 2024
    U.S. house prices rose 0.4 percent in October, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.5 percent from October 2023 to October 2024. The previously reported 0.7 percent price growth in September remained unchanged.
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  • News Release

    FHFA Releases 2025 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions
    December 20, 2024
    The Federal Housing Finance Agency (FHFA) released today the 2025 Scorecard for Fannie Mae and Freddie Mac (the Enterprises), establishing an array of objectives for them to operate safely and soundly, further develop risk management frameworks, and support market improvements in housing supply and affordability, among other steps.
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  • News Release

    FHFA Finalizes 2025–2027 Housing Goals for Fannie Mae and Freddie Mac
    December 19, 2024
    The Federal Housing Finance Agency (FHFA) issued a final rule today that establishes new affordable housing goals for the loan purchases of Fannie Mae and Freddie Mac (the Enterprises) over the next three years, and updates the process for requiring an action plan when an Enterprise misses certain goals.
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Spotlight Topics

  • Climate change image placeholder

    Climate Risk

    The purpose of FHFA's Climate Risk Committee is to ensure the Agency makes strategic and tactically sound decisions concerning the impacts of and response to the risks posed by climate change in a coordinated, collaborative, and informed manner in furtherance of FHFA’s mission.

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    ​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.

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Housing Market Indicators

MIRS Transition Index

MIRS Transition Index Release DatesIndex Values
December 20246.31
November 20246.19
October 20246.48

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 2024Q2-2024Q3 Four Quarter Change 2023Q3-2024Q3
"Purchase-Only" U.S. Index
(Seasonally Adjusted)		 0.7% 4.3%
"Expanded-Data" U.S. Index
(Seasonally Adjusted)		 0.9% 5.2%