This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Read about the agency’s 2020 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
Submit comments and provide input on FHFA Rules Open for Comment by clicking on Rulemaking and Federal Register.
Implement critical reforms that will produce a stronger and more resilient housing finance system.
FOSTER competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets that support sustainable homeownership and affordable rental housing; OPERATE in a safe and sound manner appropriate for entities in conservatorship; and PREPARE for eventual exits from the conservatorships.
2019 Conservatorships Strategic Plan
FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
On May 29, 2019, FHFA published its final Monthly Interest Rate Survey (MIRS), due to dwindling participation by financial institutions. MIRS had provided information on a monthly basis on interest rates, loan terms, and house prices by property type (all, new, previously occupied); by loan type (fixed- or adjustable-rate), and by lender type (savings associations, mortgage companies, commercial banks and savings banks); as well as information on 15-year and 30-year, fixed-rate loans. Additionally, MIRS provided quarterly information on conventional loans by major metropolitan area and by Federal Home Loan Bank district, and was used to compile FHFA’s monthly adjustable-rate mortgage index entitled the “National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders,” also known as the ARM Index.
As some banks use the ARM Index as the basis for adjusting the interest rates on adjustable-rate mortgages, FHFA created and designated as the replacement for the ARM Index a version of Freddie Mac’s 30-year
Primary Mortgage Market Survey® (PMMS®) that adjusts for differences between the two. This new index is called “MIRS Transition Index” and will be published on fhfa.gov on the final Thursday of every month. June 2019 was the first MIRS Transition index value to be published. The MIRS Transition index is intended to be used in lieu of the discontinued index for currently outstanding loans, and not as a reference rate on newly-originated adjustable-rate mortgages. The MIRS Transition Index was briefly referred to as PMMS+. It is not a replacement for PMMS.
MIRS Transition Index
Historical MIRS Transition Index
The data, tabulated and published as described above, is used to compile FHFA’s monthly adjustable-rate mortgage index entitled the “National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders.” This index is the successor to the index previously maintained by the former Federal Home Loan Bank Board.
May 29, 2019
April 30, 2019
March 28, 2019
February 28, 2019
January 24, 2019
December 27, 2018
Historical National Average Contract Mortgage Rate Index Values
MIRS Public Use File (CSV)
MIRS Public Use File Documentation
The following tables present historical summary data prior to 2008 containing Rates and Terms on Conventional Single-Family Non-farm Mortgage Loans. This survey is the nation's most comprehensive source of information on conventional mortgage rates and terms.
Loans Closed, By Property Type - Table 1
4/2018 - 4/2019
Loans Closed, By Loan Type - Table 2
4/2018 - 4/2019
Loans Closed, 15- and 30- Year Fixed-Rate Mortgages - Table 4
Loans Closed, By Metropolitan Statistical Area (MSA) - Table 5
1Q2018 - 1Q2019
Loans Closed, By FHLB District - Table 6
1Q2018 - 1Q2019
All Homes - Table 9
1963 - 2018
Newly Built Homes - Table 10
Previously Occupied Homes - Table 11
Fixed-Rate Mortgages - Table 12
By State - Table 15
1978 - 2018
By Metropolitan Statistical Area (MSA) - Table 16
All Homes - Table 17
1973 - 2018
Newly Built Homes - Table 18
Previously Occupied Homes - Table 19
All Homes, Fixed-Rate Mortgages - Table 20
1986 - 2018
Newly-Built Homes, Fixed-Rate Mortgages - Table 21
Previously Occupied Homes, Fixed-Rate Mortgages - Table 22
All Homes, Adjustable Rate Mortgages - Table 23
Newly Built Homes, Adjustable Rate Mortgages - Table 24
Previously Occupied Homes, Adjustable Rate Mortgages - Table 25
All Homes, 15- and 30- Year Fixed-Rate Mortgages - Table 26
1990 - 2018
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