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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

    FHFA House Price Index® Up 0.4 Percent in October; Up 1.7 Percent from Last Year
    December 30, 2025
    U.S. house prices rose 0.4 percent in October, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 1.7 percent from October 2024 to October 2025. The previously reported 0.0 percent price change in September was revised downward to a 0.1 percent decline.
    Read More

  • News Release

    Fannie and Freddie Empowered to Support Middle-Class Homeownership
    December 23, 2025
    Today U.S. Federal Housing issued a final rule that establishes new, better affordable housing goals for Fannie Mae and Freddie Mac. Thanks to this fix, Fannie and Freddie will continue to fully support mortgages for families from every walk of life.
    Read More

  • News Release

    Mortgage Applications Up, Spreads Down!
    December 10, 2025
    President Trump is delivering for the American people: mortgage applications have risen to a three-year high as families return to the housing market, and spreads between mortgages and Treasuries continue to compress, improving mortgage rates and demonstrating the faith that the market has in this administration’s leadership.
    Read More
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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
December 20256.29
November 20256.34
October 20256.57

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 2025Q2-2025Q3Four Quarter Change 2024Q3-2025Q3
"Purchase-Only" U.S. Index
(Seasonally Adjusted)		0.2%2.2%
"Expanded-Data" U.S. Index
(Seasonally Adjusted)		0.3%3.3%