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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

  • Speech

    Prepared Remarks of FHFA Deputy Director Naa Awaa Tagoe at the 2024 Mortgage Bankers Association Annual Convention & Expo
    October 28, 2024
    Good morning! Thank you, Bob Broeksmit and the MBA staff, for the opportunity to be here today. I’m also delighted that I get to share the stage with HUD Acting Secretary Todman. Director Thompson sends her regards and wishes she could have joined in person. This convention arrives as the nation continues to grapple with housing affordability challenges – both for homeownership and rental housing. I know that many of you are working overtime to extend access to sustainable credit to creditworthy borrowers, while also working to keep up with rapid innovation and changes within the housing market.
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  • News Release

    FHFA and HUD Expand Scope of Public Appraisal Data to Ensure Fairer Home Appraisals
    October 28, 2024
    The Federal Housing Finance Agency (FHFA) and U.S. Department of Housing and Urban Development (HUD) today jointly released new appraisal data from loan applications on single-family mortgages submitted to HUD’s Federal Housing Administration (FHA). The addition of appraisal data from FHA expands the scope of information in FHFA’s Uniform Appraisal Dataset (UAD), which comprises both annual appraisal-level data as well as aggregate statistics released every quarter. The data previously included only appraisals of properties where the loan would be acquired by Fannie Mae or Freddie Mac (together, the Enterprises).
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  • News Release

    FHFA Announces Updates to Enterprise Policies on Appraisals, Loan Repurchase Alternatives, and Pricing Notifications
    October 28, 2024
    The Federal Housing Finance Agency (FHFA) announced updates today to several Fannie Mae and Freddie Mac (the Enterprises) policies that are intended to enhance efficiencies and promote cost savings in the single-family mortgage market. “Today’s announcements highlight actions that will better ensure the Enterprises are reliable sources of liquidity for lenders of all sizes and types, which in turn will promote access to sustainable credit for consumers,” said Director Sandra L. Thompson. “FHFA is committed to supporting current and aspiring homeowners, as well as renters, who face persistent affordability challenges in the housing market.”
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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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  • Suspension image placeholder

    ​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 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%