Federal Housing Finance Agency Print

Reports

Home / Data & Tools / Reports

 Data Reports

 

 

U.S. House Price Index - February 201619762<p>U.S. house prices rose in February, up 0.4 percent on a seasonally adjusted basis from the previous month.&#160; From February 2015 to February 2016, house prices were up 5.6 percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from January 2016 to February 2016 ranged from -0.7 percent in the South Atlantic division to +1.7 percent in the Middle Atlantic division. The 12-month changes were all positive, ranging from +2.5 percent in the New England division to +8.4 percent in the Pacific division.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><p> <a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0-4-Percent-in-February.aspx">​​Related News Release</a>​</p>4/29/2016 8:10:17 PM1099http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - February 201619014<h2>​February 2016 Highlights</h2><div><p></p><ul><li><span style="line-height&#58;22px;">​​</span><span style="line-height&#58;22px;">Total refinance volume continued to decrease in February 2016 as&#160;</span><span style="line-height&#58;22px;">mortgage rates remained just under 4 percent over the&#160;previous three&#160;</span><span style="line-height&#58;22px;">months. Mortgage rates decreased in February&#58; the average interest&#160;</span><span style="line-height&#58;22px;">rate on a 30‐year fixed rate mortgage fell to 3.66 percent from 3.87&#160;</span><span style="line-height&#58;22px;">percent in January.​</span><br></li></ul></div><blockquote style="margin&#58;0px 0px 0px 40px;border&#58;none;padding&#58;0px;"><div><p><span style="font-style&#58;normal;font-variant&#58;normal;line-height&#58;22px;">​​In February 2016&#58;</span></p></div></blockquote><ul><ul><li><span style="line-height&#58;22px;">Borrowers completed 6,424 refinances through HARP, bringing&#160;</span><span style="line-height&#58;22px;">total refinances from the inception of the program to 3,393,217.</span></li><li><span style="line-height&#58;22px;">HARP volume represented 5 percent of total refinance volume.</span></li><li><span style="line-height&#58;22px;">Nine percent of the loans refinanced through HARP had a&#160;</span><span style="line-height&#58;22px;">loan‐to‐value ratio greater than 125 percent.</span></li></ul></ul><blockquote style="margin&#58;0px 0px 0px 40px;border&#58;none;padding&#58;0px;"><p>​Year to date through February 2016&#58;</p></blockquote><ul><ul><li><span style="line-height&#58;22px;">Borrowers with loan‐to‐value ratios greater than 105 percent&#160;</span><span style="line-height&#58;22px;">accounted for 23 percent of the volume of HARP loans.</span></li><li><span style="line-height&#58;22px;">Twenty five percent of HARP refinances for underwater&#160;</span><span style="line-height&#58;22px;">borrowers were for shorter‐term 15‐ and 20‐year mortgages,&#160;</span><span style="line-height&#58;22px;">which build equity faster than traditional 30‐year mortgages</span><span style="line-height&#58;22px;">.</span></li><li><span style="line-height&#58;22px;">HARP refinances represented 10 or more percent of total&#160;</span><span style="line-height&#58;22px;">refinances in Florida and Georgia, double the 5 percent of total&#160;</span><span style="line-height&#58;22px;">refinances nationwide over the same period.</span></li></ul></ul><p><span style="line-height&#58;22px;"></span></p><p><span style="line-height&#58;22px;"></span></p><ul><li><span style="line-height&#58;22px;">Borrowers who refinanced through HARP had a lower delinquency&#160;</span><span style="line-height&#58;22px;">rate compared to borrowers eligible for HARP who did not refinance&#160;</span><span style="line-height&#58;22px;">through the program.</span><br></li><li><span style="line-height&#58;22px;">Ten states accounted for over 60 percent of the nation's HARP&#160;</span><span style="line-height&#58;22px;">eligible loans with a refinance incentive as of September 30, 2015.​</span><br></li></ul><p><span style="line-height&#58;22px;"></span></p>4/13/2016 3:00:45 PM869http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - January 201619010<h2>​January 2016 Highlights</h2><p><strong>​The Enterprises' Foreclosure Prevention Actions&#58; </strong></p><ul><li>The Enterprises completed 15,192 foreclosure prevention actions in January 2016, bringing the total to 3,658,641 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications. </li><li>There were 9,925 permanent loan modifications in January, bringing the total to 1,908,751 since the conservatorships began in September 2008. </li><li>The share of modifications with principal forbearance remained at 19 percent. Modifications with extend-term only accounted for 48 percent of all permanent modifications in January due to improved house prices and a declining HAMP eligible population. </li><li>There were 2,329 short sales and deeds-in-lieu completed in January, down 14 percent compared with December.</li></ul><p><strong>The Enterprises' Mortgage Performance&#58; </strong></p><ul><li> The serious delinquency rate increased slightly from 1.46 percent at the end of December to 1.47 percent at the end of January. </li></ul><p><strong>The Enterprises' Foreclosures&#58; </strong> </p><ul><li>Third-party and foreclosure sales increased 13 percent from 8,051 in December to 9,062 in January. </li><li>Foreclosure starts dropped 24 percent from 23,593 in December to 17,831 in January. </li></ul>4/12/2016 5:00:41 PM923http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Fourth Quarter 201520499<h1>​Fourth Quarter 2015 Highlights</h1><p><strong>​</strong></p><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul><li>The Enterprises completed 47,769 foreclosure prevention actions in the fourth quarter of 2015, bringing the total to 3,643,449 since the start of conservatorships in September 2008. Of these actions, 3,003,167 have helped troubled homeowners stay in their homes including 1,898,826 permanent loan modifications. </li><li>Approximately 30 percent of all permanent loan modifications in the fourth quarter helped to reduce homeowners' monthly payments by over 30 percent.</li><li>The share of modifications with principal forbearance remained at 19 percent. Modifications with extend-term only increased slightly to 48 percent of all loan modifications in the fourth quarter due to improved house prices and a declining HAMP eligible population.</li><li>As of December 31, 2015, approximately 20 percent of loans modified in the fourth quarter of 2014 had missed two or more payments, one year after modification.</li><li>There were 7,598 completed short sales and deeds-in-lieu during the quarter, bringing the total to 640,282 since the start of conservatorships.</li></ul><p>&#160;</p><p><strong>The Enterprises' Mortgage Performance&#58;</strong></p><ul><li>The number of 60+ days delinquent loans declined 3 percent to 515,420 at the end of the fourth quarter, which is the lowest level since the first quarter of 2008.</li><li>The Enterprises' serious delinquency rate fell below 1.5 percent at the end of the fourth quarter, compared with 5.4 percent for Federal Housing Administration (FHA) loans, 2.8 percent for Veterans Affairs</li><li>(VA) loans and 3.4 percent for all loans (Industry average).</li></ul><p>&#160;</p><p><strong>The Enterprises' Foreclosures&#58;</strong></p><ul><li>Foreclosure starts decreased 2 percent to 64,852 while third-party and foreclosure sales fell 7 percent to 25,096 in the fourth quarter.</li><li>REO inventory fell 6 percent during the quarter to 72,783, as property dispositions continued to outpace property acquisitions.</li></ul><p><a href="/Media/PublicAffairs/Pages/Foreclosure-Prevention-Actions-Top-3pt6-Million.aspx">Related News Release</a>​</p>3/24/2016 2:35:29 PM347http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - January 201620418<p>U.S. house prices rose&#160;in January, up 0.5 percent on a seasonally adjusted basis from&#160;the previous month.&#160;&#160;From&#160;January 2015 to January 2016, house prices were up 6.0&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;December 2015 to&#160;January 2016 ranged from&#160;-1.0&#160;percent in the Middle Atlantic division to +1.7&#160;percent in the South Atlantic&#160;division. &#160;The 12-month changes were all positive, ranging from + 1.7&#160;percent in the Middle Atlantic division&#160;to +8.9&#160;percent in the South Atlantic division. </p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0-5-Percent-in-January-2016.aspx">Related News Release</a></p>3/22/2016 1:00:15 PM2516http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - January 201620237<ul><li> Total refinance volume fell slightly in January 2016 as mortgage rates hovered just below four percent over the previous five months. Mortgage rates decreased in January&#58; the average interest rate on a 30‐ year fixed rate mortgage fell to 3.87 percent from 3.96 percent in December.</li></ul><ul><li>Additional January highlights include the following&#58;</li></ul><ul><ul><li>Borrowers completed 6,239 refinances through HARP, bringing total refinances from the inception of the program to 3,386,793.<br></li><li>HARP volume represented 5 percent of total refinance volume.<br></li><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 21 percent of the volume of HARP loans.<br></li><li>Seven percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent.<br></li><li>Twenty three percent of HARP refinances for underwater borrowers were for shorter‐term 15‐ and 20‐year mortgages, which build equity faster than traditional 30‐year mortgages.<br></li><li>HARP refinances represented 11 or more percent of total refinances in Florida and Georgia, more than double the 5 percent of total refinances nationwide over the same period.<br></li></ul><li>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program. </li></ul>3/15/2016 7:30:24 PM341http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 4Q 2015 / December19650<p></p><p style="font-style&#58;normal;font-variant&#58;normal;">U.S. house prices rose<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">&#160;1.4 percent&#160;</span>in the fourth quarter of 2015 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; This is the eighteenth consecutive quarterly price increase in the purchase-only, seasonally adjusted index.&#160; House prices rose<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">&#160;5.8 percent&#160;</span>from the fourth quarter of 2014 to the fourth quarter of 2015. &#160;FHFA's seasonally adjusted monthly index for December was up<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">&#160;0.4 percent&#160;</span>from November.&#160;</p><p style="font-style&#58;normal;font-variant&#58;normal;">The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. &#160;FHFA has produced a&#160;<a href="https&#58;//youtu.be/8cK1VWx7xHo">video of highlights</a>&#160;for this quarter.&#160;&#160;&#160;</p><p style="font-style&#58;normal;font-variant&#58;normal;">&quot;Instability in financial markets did not seem to put much of a drag on home prices in the fourth quarter,&quot; said FHFA Supervisory Economist Andrew Leventis.&#160;&#160; &quot;The fourth quarter 1.4 percent increase for the U.S. was in line with the extremely steady—but historically elevated—appreciation rates we have been observing for several years now,&quot; Leventis said.&#160;</p><p style="font-style&#58;normal;font-variant&#58;normal;">While the purchase-only HPI rose 5.8 percent from the fourth quarter of 2014 to the fourth quarter of 2015, prices of other goods and services fell 0.8 percent.&#160; The inflation-adjusted price of homes rose approximately 6.7 percent over the latest year.</p><p style="font-style&#58;normal;font-variant&#58;normal;"><span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">Significant Findings</span></p><span style="line-height&#58;1.6;"><ul><li><span style="line-height&#58;1.6;">Home prices rose in every state and in the District of Columbia between the fourth quarter of 2014 and the fourth quarter of 2015.&#160; The top five states in annual appreciation were&#58; &#160;1) Nevada 12.7 percent; 2) Colorado 10.9 percent; 3) Idaho 10.7 percent; 4) Washington 10.7 percent; and 5) Oregon 10.6 percent.</span><br></li><li><span style="line-height&#58;1.6;">Among the 100 most populated metropolitan areas in the U.S., four-quarter price increases were greatest in the San Francisco-Redwood City-South San Francisco, CA Metropolitan Statistical Areas District (MSAD), where prices increased by 20.7 percent.&#160; Prices were weakest in New Haven-Milford, Connecticut, where they fell 1.5 percent.</span><br></li><li><span style="line-height&#58;1.6;">Of the nine census divisions, the Pacific division experienced the strongest increase in the fourth quarter, posting a 2.1 percent quarterly increase and an 8.0 percent increase since the fourth quarter of last year. &#160;House price appreciation was weakest in the Middle Atlantic division, where prices rose 0.6 percent from the last quarter.&#160;</span><br></li></ul></span><p><a href="/Media/PublicAffairs/Pages/U-S-House-Prices-Rise-1pt4-Percent-in-Fourth-Quarter-2015.aspx">Relate​d News Release</a>​</p>2/25/2016 2:02:47 PM12897http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Fourth Quarter 201519370<ul><li>Total refinance volume fell slightly in December 2015 as mortgage rates hovered just below four percent over the previous four months. Mortgage rates rose in December&#58; the average interest rate on a 30‐year fixed rate mortgage increased to 3.96 percent from 3.94 percent in November.</li><li>In the fourth quarter of 2015, 21,079 refinances were completed through HARP, bringing total refinances through HARP from the inception of the program to 3,380,558.​</li><li>HARP volume represented 5 percent of total refinance volume in the fourth quarter of 2015.</li><li>Year to date through December 2015, borrowers with loan‐to‐value ratios greater than 105 percent accounted for 24 percent of the volume of HARP loans.</li><li>In December 2015, 7 percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent.</li><li>Year to date through December 2015, 28 percent of HARP refinances for underwater borrowers were for shorter‐term 15‐ and 20‐year mortgages, which build equity faster than traditional 30‐year mortgages.</li><li>Year to date through December 2015, HARP refinances represented 12 or more percent of total refinances in Florida and Georgia, more than double the 5 percent of total refinances nationwide over the same period.</li><li>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.​</li></ul> <p> <a href="/Media/PublicAffairs/Pages/HARP-Refinances-Total-3-38-Million-Through-the-Fourth-Quarter.aspx">Related News Release</a>​</p>2/17/2016 4:24:26 PM539http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - November 201519328<h3>The Enterprises' Foreclosure Prevention Actions&#58; </h3><ul><li>The Enterprises completed 13,891 foreclosure prevention actions in November 2015, bringing the total to 3,626,692 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications. </li><li>There were 8,569 permanent loan modifications in November, bringing the total to 1,888,404 since the start of conservatorships. </li><li>The share of modifications with principal forbearance decreased slightly to 19 percent. Modifications with extend-term only remained at 48 percent of all permanent modifications in November due to improved house prices and a declining HAMP eligible population. </li><li>There were 2,138 short sales and deeds-in-lieu completed in November, down 22 percent compared with October. </li></ul><h3> The Enterprises' Mortgage Performance&#58; </h3><ul><li>The serious delinquency rate remained flat at 1.50 percent at the end of November, the lowest level since the start of conservatorships in September 2008. </li></ul><h3>The Enterprises' Foreclosures&#58; </h3><ul><li> Third-party and foreclosure sales decreased 13 percent from 9,105 in October to 7,940 in November. </li><li>Foreclosure starts increased 18 percent from 18,946 in October to 22,313 in November. </li></ul>2/9/2016 3:06:27 PM381http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - November 201518962<p style="font-style&#58;normal;font-variant&#58;normal;">​The FHFA House Price Index (HPI) reported a&#160;0.5 percent&#160;increase in U.S. house prices in&#160;November&#160;from the previous month.&#160;&#160;From&#160;November&#160;2014 to November&#160;2015, house prices were up 5.9&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;October&#160;2015 to&#160;November&#160;2015 ranged from&#160;-0.4&#160;percent in the West South Central&#160;division to +1.8&#160;percent in the Mountain&#160;division. &#160;The 12-month changes were all positive, ranging from +2.6&#160;percent in the Middle Atlantic division&#160; to +10.0&#160;percent in the Mountain division.​</p><p style="font-style&#58;normal;font-variant&#58;normal;">Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><p style="font-style&#58;normal;font-variant&#58;normal;"><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt5-Percent-in-November-2015.aspx">Related News Rel​ease&#160;</a>​</p>1/26/2016 2:00:45 PM2729http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

© 2016 Federal Housing Finance Agency