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FHFA House Price Index

U.S. House prices rise 6.5 percent over the last year; Up 1.5 percent from the third quarter.

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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 Announces Conditional Approval of Freddie Mac Pilot to Purchase Second MortgagesFHFA Announces Conditional Approval of Freddie Mac Pilot to Purchase Second Mortgages
    June 21, 2024

    Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced its conditional approval for Freddie Mac to engage in a limited pilot to purchase certain single-family closed-end second mortgages. This conditional approval follows FHFA’s first publication of a proposed new product by either Freddie Mac or Fannie Mae (the Enterprises) for public comment under the new process mandated by the Prior Approval for Enterprise Products regulation, which became effective in April 2023.

  • News Release

    FHFA Releases 1st Quarter 2024 Foreclosure Prevention and Refinance Report
    June 21, 2024

    Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its first quarter 2024 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 52,154 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,957,884 since the start of conservatorships in September 2008.

Spotlight Topics

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    Climate Change and (ESG)

    The Federal Housing Finance Agency (FHFA) recognizes that climate change poses a serious threat to the U.S. housing finance...

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    ​Suspended Counterparty

    FHFA established the Suspended Counterparty Program (SCP) to help address the risk to Fannie Mae, Freddie Mac, and...

Housing Market Indicators

MIRS Transition Index

MIRS Transition Index Release Dates Index Values
March 2024 6.65
February 2024 6.94
January 2024 7.49

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 2023Q3-2023Q4 Four Quarter Change 2022Q4-2023Q4
"Purchase-Only" U.S. Index
(Seasonally Adjusted)
1.5% 6.5%
"Expanded-Data" U.S. Index
(Seasonally Adjusted)
1.6% 6.4%