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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
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
2015 Scorecard Progress Report19847<p>​This Progress Report summarizes major activities of Fannie Mae and Freddie Mac in 2015 that contributed to achieving FHFA’s strategic objectives as conservator of the Enterprises. FHFA set forth three such objectives in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac (2014 Conservatorship Strategic Plan) issued on May 13, 2014&#58;&#160; <strong>Maintain</strong>, <strong>Reduce </strong>and <strong>Build</strong>. </p><p><a href="/Media/PublicAffairs/Pages/FHFA-Report-Details-Progress-on-the-2015-Scorecard-for-Fannie-and-Freddie.aspx">Link to Related News Release</a></p>3/3/2016 7:12:46 PM715http://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
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
Refinance Report - November 201519475<ul><li>​<font face="Calibri">Total r</font><font face="Calibri">efinance volume rose slightly in November 2015 after a three </font><font face="Calibri">month </font><font face="Calibri">drop in mortgage rates through October. Mortgage rates rose </font><font face="Calibri">in November&#58; the average interest rate on a 30</font><font face="Calibri">‐</font><font face="Calibri">year fixed rate </font><font face="Calibri">mortgage increased to 3.94 percent from 3.80 percent in October.</font></li></ul><ul><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">In November 2015, 7,446 refinances were completed through HARP, </font><font face="Calibri">bringing total refinances through HARP from the inception of the </font><font face="Calibri">program to 3,374,680.</font></div></li></ul><ul><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">HARP volume represented 5 percent of total refinance volume in </font><font face="Calibri">November 2015.</font></div></li></ul><ul><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">Year to date through November 2015, borrowers with loan</font><font face="Calibri">‐</font><font face="Calibri">to</font><font face="Calibri">‐</font><font face="Calibri">value </font><font face="Calibri">ratios greater than 105 percent accounted for 24 percent of the volume </font><font face="Calibri">of HARP loans.</font></div></li></ul><ul><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">In November 2015, 7 percent of the loans refinanced through HARP </font><font face="Calibri">had a loan</font><font face="Calibri">‐</font><font face="Calibri">to</font><font face="Calibri">‐</font><font face="Calibri">value ratio greater than 125 percent.</font></div></li></ul><ul><font face="Calibri"></font><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">Year to date through November 2015, 28 percent of HARP refinances </font><font face="Calibri">for underwater borrowers were for shorter</font><font face="Calibri">‐</font><font face="Calibri">term 15</font><font face="Calibri">‐ </font><font face="Calibri">and 20</font><font face="Calibri">‐</font><font face="Calibri">year </font><font face="Calibri">mortgages, which build equity faster than traditional 30</font><font face="Calibri">‐</font><font face="Calibri">year mortgages.</font></div></li></ul><ul><font face="Calibri"></font><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">Year to date through November 2015, HARP refinances represented 12 </font><font face="Calibri">or more percent of total refinances in Florida and Georgia, more than </font><font face="Calibri">double the 5 percent of total refinances nationwide over the same </font><font face="Calibri">period.</font></div></li></ul><ul><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">Borrowers who refinanced through HARP had a lower delinquency </font><font face="Calibri">rate compared to borrowers eligible for HARP who did not refinance </font><font face="Calibri">through the program.</font></div></li></ul>1/13/2016 7:00:56 PM506http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - October 201514849<p>The FHFA House Price Index (HPI) reported a&#160;0.5 percent&#160;increase in U.S. house prices in&#160;October from the previous month.&#160;&#160;From&#160;October 2014 to October 2015, house prices were up&#160;6.1&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;September 2015 to&#160;October 2015 ranged from&#160;-0.5&#160;percent in the&#160;New England&#160;division to +1.2&#160;percent in the&#160;East South Central division.&#160; The 12-month changes were all positive, ranging from +2.9&#160;percent in the&#160;New England&#160;division&#160; to +8.9&#160;percent in the Mountain 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-0pt5-Percent-in-October-2015.aspx">Related News Release</a>&#160;</p>12/22/2015 2:00:34 PM2440http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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