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FHFA House Price Index

U.S. house prices rose 0.1 percent in July; and rose 4.5 percent from July 2023 to July 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

    FHFA Releases NMDB® Residential Mortgage Dashboard
    September 27, 2024
    The Federal Housing Finance Agency (FHFA) updated the National Mortgage Database (NMDB®) Aggregate Statistics series to include new quarterly data on the loan performance of residential mortgages through the second quarter of 2024. The Agency also released a new interactive data visualization dashboard tool that enables users to more easily access the loan performance data.
  • News Release

    FHFA Issues Advisory Bulletin to the Federal Home Loan Banks to Ensure a Sound Credit Risk Management Framework and Member Ability to Access Liquidity
    September 27, 2024
    The Federal Housing Finance Agency (FHFA) issued an Advisory Bulletin to the Federal Home Loan Bank (FHLBank) System that communicates guidance regarding the FHLBanks’ practices of providing their members with access to advances in a safe and sound manner. While credit risk management practices at the FHLBanks are generally consistent with many of the concepts included in this guidance, the Advisory Bulletin details expectations for evaluating and assessing a member’s creditworthiness when providing liquidity. It further provides guidance to the FHLBanks on coordinating with FHFA and members’ primary regulators when lending to troubled institutions, in a way that ensures the FHLBanks’ activities contribute to positive outcomes in the most difficult situations. 
  • News Release

    FHFA Expands Uniform Appraisal Dataset (UAD) Aggregate Statistics with New Measures and New Quarterly Data
    September 26, 2024
    The Federal Housing Finance Agency (FHFA) today published its 2024 second quarter data for the Uniform Appraisal Dataset (UAD) Aggregate Statistics and introduced new condominium data as part of the UAD Aggregate Statistics. This is the first publicly available data drawn from condominium appraisal records and complements the existing data for single-family homes.

Spotlight Topics

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    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.

Housing Market Indicators

MIRS Transition Index

MIRS Transition Index Release Dates Index Values
September 2024 6.88
August 2024 6.94
July 2024 7.08

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 2024Q1-2024Q2 Four Quarter Change 2023Q2-2024Q2
"Purchase-Only" U.S. Index
(Seasonally Adjusted)
0.9% 5.7%
"Expanded-Data" U.S. Index
(Seasonally Adjusted)
1.1% 6.1%