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U.S. House Price Index - June 202134190<p>​​​​​House prices rose nationwide in April, up <strong>1.8 percent</strong> from the previous&#160;month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose<strong> 15.7 percent</strong> from April 2020 to April 2021. The previously reported 1.4 percent price change for March 2021 was revised upward to a 1.6 percent increase.<br></p><p>For the <a href="/Media/PublicAffairs/PublicAffairsDocuments/FHFA-HPI-FAQs.pdf#page=9">nine census divisions, </a>seasonally adjusted monthly house price changes from March 2021&#160;to April 2021 ranged from <strong>+1.2 percent</strong> in the West North Central division to<strong> +2.6 percent </strong>in the Mountain and Middle Atlantic divisions. The 12-month changes ranged from <strong>+13.0 percent</strong> in the West North Central to <strong>+20.6 percent</strong> in the Mountain division.</p><div><br></div><div><strong><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-1pt8-Percent-in-April-Up-15pt7-Percent-from-Last-Year.aspx">Related News Release​</a></strong><br><br></div>6/29/2021 1:00:43 PMHome / About FHFA / Reports / U.S. House Price Index - June 2021 House Price Index 4501https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2021 Q133720<p>​U.S. house prices rose <strong>12.6 percent</strong> from the first quarter of 2020 to the first quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI<sup><font size="2">®</font></sup>). House prices were up <strong>3.5 percent</strong> compared to the fourth quarter of 2020. FHFA's seasonally adjusted monthly index for March was up <strong>1.4 percent</strong> from February.</p><p>“House price growth over the prior year clocked in at more than twice the rate of growth observed in the first quarter of 2020, just before the effects of the pandemic were felt in housing markets,&quot; said Dr. Lynn Fisher, Deputy Director of FHFA's Division of Research and Statistics. “In March, rates of appreciation continued to climb, exceeding 15 percent over the year in the Pacific, Mountain and New England census divisions.&quot;</p><p>View highlights video featuring Dr. Lynn Fisher at&#160;<a title="Link goes to an external web page." href="https&#58;//go.usa.gov/xHuY5" target="_blank">https&#58;//go.usa.gov/xHuY5</a>.</p><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-12pt6-Percent-over-the-Last-Year-Up-3pt5-Percent-in-the-First-Quarter.aspx">Related News Release</a></p>5/25/2021 1:07:20 PMHome / About FHFA / Reports / U.S. House Price Index Report - 2021 Q1 House Price Index 14648https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Prepayment Monitoring Report First Quarter 202134153<p>​​​Fannie Mae and Freddie Mac began issuing the Uniform Mortgage-Backed Securities (UMBS) on June 3, 2019.&#160;&#160;</p><div><p>This quarterly report provides market participants additional transparency into a sample of the data FHFA receives and reviews on a monthly basis. The report focuses on alignment of prepayment rates, which continues to be important to the success of UMBS and to the efficiency and liquidity of the secondary mortgage market.&#160;&#160;<br></p><p>Ex post monitoring of prepayment rates is part of a broader effort to assure investors that cash flows from UMBS will be similar regardless of which Enterprise is the issuer.&#160; This report provides insight into how FHFA monitors the consistency of prepayment rates across cohorts of the Enterprises’ TBA-eligible MBS,<a href="/AboutUs/Reports/Pages/Forms/EditForm.aspx?ID=989#footNote1">[1]</a>&#160;where a cohort consists of those Enterprise TBA-eligible securities with the same coupon, maturity, and loan-origination year and total combined issuance across the Enterprises exceeds $10 billion.&#160; A prepayment on a mortgage loan is the amount of principal paid in advance of the loan’s scheduled payments.&#160; Full prepayment occurs when a borrower pays off the loan ahead of the scheduled maturity.<br></p><div><p><strong>​Background on UMBS&#58;</strong> <br></p><p>Issuance of UMBS through their jointly developed Common Securitization Platform (CSP), fulfilled important elements of FHFA’s 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac.&#160; Forward trading of UMBS began in the “To-Be-Announced” (TBA) market,<a href="/AboutUs/Reports/Pages/Forms/EditForm.aspx?ID=989#footNote2">[2]</a>&#160;on March 12, 2019 with first settlements of the UMBS trades on June 3, 2019. UMBS is issued without regard to which Enterprise is the issuer and has effectively merged the formerly separate UMBS markets. UMBS has broadened and enhanced&#160; liquidity in the secondary market for residential mortgages and reduced costs to taxpayers.<a href="/AboutUs/Reports/Pages/Forms/EditForm.aspx?ID=989#footNote3">[3]</a>&#160; &#160;</p><div><p></p><p> <a name="footNote1">[1]</a>&#160;To avoid double counting, only first-level securitizations are included in the analysis. Second-level securitizations (Megas, Giants, and Supers) are excluded, with the exception of fastest quartile analyses and Table 2 (Quartile Report). For those exceptions, Freddie Mac multi-lender second-level securitizations traded as a single security are included and the related first-level securitizations are excluded to avoid double counting.<br></p><p> <a name="footNote2">[2]</a>&#160;The TBA market is a forward market for certain mortgage-backed securities, including those issued by the Enterprises.<br></p><p> <a name="footNote3">[3]</a>&#160;See <a href="/AboutUs/Reports/ReportDocuments/Single%20Security%20Update%20final.pdf"><em>An Update on the Structure of the Single Security</em></a>, May 2015, p.&#160;​4.<br></p></div></div></div>5/10/2021 5:01:05 PMHome / About FHFA / Reports / Prepayment Monitoring Report First Quarter 2021 Prepayment Monitoring Report 1116https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - April 202133805<p style="font-style&#58;normal;">House prices rose nationwide in February, up <strong>0.9 percent</strong> from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). &#160;House prices rose&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">12.2 percent</span>&#160;from February 2020 to February 2021. The previously reported 1.0 percent price change for January 2021 remained unchanged.<br></p><p style="font-style&#58;normal;">For the <a href="/Media/PublicAffairs/PublicAffairsDocuments/FHFA-HPI-FAQs.pdf#page=9">nine census divisions</a>, seasonally adjusted monthly house price changes from January 2021 to February 2021 ranged from&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">+0.3 percent&#160;</span>in the Middle Atlantic division to&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">+1.6 percent</span>&#160;in the Mountain division.&#160;The 12-month changes ranged from&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">+10.5 percent&#160;</span>in the West North Central division to&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">+15.4 percent</span>&#160;in the Mountain division.</p><p style="font-style&#58;normal;"><span style="font-style&#58;normal;"><a href="/Media/PublicAffairs/Pages/FHFA-HPI-Up-0pt9-Percent-in-Feb-Up-12pt2-Percent-from-Last-Yr.aspx">Related News Release</a></span>​</p>4/27/2021 1:00:26 PMHome / About FHFA / Reports / U.S. House Price Index - April 2021 House Price Index 13404https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Prepayment Monitoring Report Fourth Quarter 202032895<p>On June 3, 2019, Fannie Mae and Freddie Mac began issuing a new common mortgage-backed security, known as the Uniform Mortgage-Backed Securities or UMBS, through their jointly developed Common Securitization Platform, bringing to fruition important elements of FHFA's <a href="/AboutUs/Reports/Pages/2014-Conservatorships-Strategic-Plan.aspx"> <strong> <em>2014 Strategic Plan for the Conservatorships of</em></strong></a>&#160;<a href="/AboutUs/Reports/Pages/2014-Conservatorships-Strategic-Plan.aspx"><strong><em>Fannie Mae and Freddie Mac</em></strong></a>.&#160; On March 12, 2019 forward trading of UMBS began in the “To-Be-Announced&quot; (TBA) market<a href="#footNote1">[1]</a>, with first settlements of the UMBS trades coinciding with their initial issuance by the Enterprises on June 3, 2019.</p><p>FHFA encouraged Fannie Mae and Freddie Mac to develop this new security to broaden and enhance liquidity in the secondary market for residential mortgages and to reduce costs to taxpayers.<a href="#footNote2">[2]</a>&#160; To address those goals, UMBS issued by Fannie Mae and Freddie Mac trade in the TBA market without regard to which Enterprise is the issuer, effectively merging the formerly separate markets for mortgage-backed securities issued by each Enterprise. </p><p>Consistency of prepayment rates is important to the success of UMBS and to the efficiency and liquidity of the secondary mortgage market.&#160; Some industry stakeholders have expressed concern that the rates of prepayment of the Enterprises' securities might materially diverge and undermine their fungibility.&#160; FHFA has taken a number of steps to promote the continued consistency of prepayment rates of Fannie Mae- and Freddie Mac-issued mortgage-backed securities (MBS).&#160; This quarterly report provides market participants additional transparency into a sample of the data FHFA receives and reviews on a monthly basis.</p><p> <em>Ex post </em>monitoring of prepayment rates is part of a broader effort to assure investors that cash flows from UMBS will be similar regardless of which Enterprise is the issuer.&#160; This report provides insight into how FHFA monitors the consistency of prepayment rates across cohorts of the Enterprises' TBA-eligible MBS,<a href="#footNote3">[3]</a> where a cohort consists of those Enterprise TBA-eligible securities with the same coupon, maturity, and loan-origination year and total combined issuance across the Enterprises exceeds $10 billion.&#160; A prepayment on a mortgage loan is the amount of principal paid in advance of the loan's scheduled payments. &#160;Full prepayment occurs when a borrower pays off the loan ahead of the scheduled maturity.&#160; If a borrower defaults on the mortgage loan, the Enterprise will pay investors the remaining principal balance and remove the loan from the MBS.&#160; That action has the same effect on investors as a full prepayment. &#160;Partial prepayment occurs when a borrower pays principal in addition to the regularly scheduled payment of principal and interest.</p><p> <br>&#160;</p><p> <a name="footNote1">[1]</a> The TBA market is a forward market for certain mortgage-backed securities, including those issued by Fannie Mae and Freddie Mac.</p><p> <a name="footNote2">[2]</a> See <a href="/AboutUs/Reports/ReportDocuments/Single%20Security%20Update%20final.pdf"> <em>An Update on the Structure of the Single Security</em></a>, May 2015, p. 4.</p><p> <a name="footNote3">[3]</a> To avoid double counting, only first-level securitizations are included in the analysis. Second-level securitizations (Megas, Giants, and Supers) are excluded, with the exception of fastest quartile analyses and Table 2 (Quartile Report).&#160; For those exceptions, Freddie Mac multi-lender second-level securitizations traded as a single security are included and the related first-level securitizations are excluded to avoid double counting.&#160;</p>3/2/2021 8:30:49 PMHome / About FHFA / Reports / Prepayment Monitoring Report Fourth Quarter 2020 Prepayment Monitoring 1119https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2020 Q431848<p> <strong>Washington, D.C. </strong>– U.S. house prices rose <strong>10.8 percent </strong>from the fourth quarter of 2019 to the fourth quarter of 2020 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up <strong>3.8 percent </strong>compared to the third quarter of 2020. FHFA's seasonally adjusted monthly index for December was up <strong>1.1 percent </strong>from November.</p><p>“House prices nationwide recorded the largest annual and quarterly increase in the history of the FHFA HPI,&quot; said Dr. Lynn Fisher, Deputy Director of FHFA's Division of Research and Statistics. “Low mortgage rates, pent up demand from homebuyers, and a limited housing supply propelled every region of the country to experience faster growth in 2020 compared to a year ago despite the pandemic. In particular, house prices in western states and cities saw the highest rates of growth, where annual gains often rose above 10 percent.&quot;</p><p>View highlights video featuring Dr. Lynn Fisher at <a href="https&#58;//youtu.be/kF8KSDAstbE">https&#58;//youtu.be/kF8KSDAstbE</a>.</p><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-10pt8-Percent-over-the-Last-Year-Up-3pt8-Percent-in-4Q.aspx">Related News Release</a>​ </p>2/23/2021 2:00:43 PMHome / About FHFA / Reports / U.S. House Price Index Report - 2020 Q4 House Price Index 11447https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Performance Plan - FY 202131593<p>The Fiscal Year (FY) 2021 Annual Performance Plan (APP) supports the <a href="/AboutUs/Reports/Pages/FHFA-Strategic-Plan-Fiscal-Years-2021-to-2024-Final.aspx">FHFA Strategic Plan&#58; Fiscal Years 2021–2024 </a> (Strategic Plan), which was issued in October 2020.&#160; The APP sets out performance measures and targets in support of the goals in the Strategic Plan.</p><p>FHFA’s APP has four components&#58; (1) strategic goals; (2) strategic objectives; (3) performance measures and associated targets; and (4) means and strategies to accomplish the performance goals.</p><p>The strategic goals, which are outlined in the Strategic Plan, are the starting point for the FY 2021 APP. The nexus between the Strategic Plan and the APP helps to ensure that FHFA priorities are integrated with the Agency’s mission.</p>1/4/2021 2:55:25 PMHome / About FHFA / Reports / Annual Performance Plan - FY 2021 FHFA Annual Performance Plan 2859https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance, and FPM Report — August 202031389<h2>August&#160;2020 Highlights&#160;— Foreclosure Prevention</h2><h4 style="margin&#58;auto;color&#58;#777777;text-transform&#58;none;line-height&#58;1.6;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"> <strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></h4><ul style="color&#58;#444444;text-transform&#58;none;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;font-weight&#58;400;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><li>The Enterprises completed&#160;166,942 foreclosure prevention actions in August, bringing the total to 5,083,030 since the start of the conservatorships in September 2008.&#160;Nearly half of these actions have been permanent loan modifications.</li><li>There were 3,599 permanent loan modifications in August, bringing the total to 2,428,926 since the conservatorships began in September 2008.</li><li>Twenty-three&#160;percent of modifications in&#160;August were modifications with principal forbearance. Modifications with extend-term only accounted for 61 percent of all loan modifications during the month.</li><li>The number of borrowers who received payment deferrals after completing a COVID-19 related forbearance plan dropped from 108,492 in July to 60,364 in August.</li><li>Initiated forbearance plans decreased&#160;13 percent from 88,989&#160;in&#160;July to&#160;77,546 in August.&#160;The total number of loans in forbearance plans decreased from 1,263,980 at the end of July to 1,147,033 at the end of August, representing approximately 4.0% of the total loans serviced, and 82.1 percent of the total delinquent loans.</li><li>There were&#160;308 short sales and deeds-in-lieu of foreclosure completed in August,&#160;down 4&#160;percent compared with July.</li></ul><h4 style="margin&#58;auto;color&#58;#777777;text-transform&#58;none;line-height&#58;1.6;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"> <strong>The Enterprises' Mortgage Performance&#58;</strong></h4><ul style="color&#58;#444444;text-transform&#58;none;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;font-weight&#58;400;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><li>The 30-59 days delinquency rate dropped to 1.11 percent, while the serious delinquency rate increased from 3.19 percent at the end of July to 3.26 percent at the end of August. The increase in the serious delinquency rate was as a result of the COVID-19 pandemic and the forbearance programs being offered to affected borrowers.</li></ul><h4 style="margin&#58;auto;color&#58;#777777;text-transform&#58;none;line-height&#58;1.6;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"> <strong>The Enterprises' Foreclosures&#58;</strong></h4><ul style="color&#58;#444444;text-transform&#58;none;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;font-weight&#58;400;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><li>Third-party and foreclosure sales dropped 14 percent to 542 while foreclosure starts decreased 4 percent to 1,935 in August.</li></ul><h2>August&#160;2020 Highlights&#160;— Refinance Activities</h2><ul><li>Total refinance volume increased in August 2020 to record levels as mortgage rates fell in previous months. Mortgage rates decreased further in August&#58; the average interest rate on a 30-year fixed rate mortgage fell to 2.94 percent from 3.02 percent in July.</li><li>In August, 15 refinances were completed through the High LTV Refinance Option, bringing total refinances through the High LTV Refinance Option from the inception of the program to 98.</li><li>The percentage of cash-out refinances decreased to 24 percent in August from 25 percent in July. Mortgage rates have continued to fall, creating more opportunities for non cash-out borrowers to refinance at lower rates and lower their monthly payments.</li></ul>11/12/2020 6:00:34 PMHome / About FHFA / Reports / Foreclosure Prevention, Refinance, and FPM Report — August 2020 Foreclosure 1066https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance, and FPM Report — July 202028638<h2>July&#160;2020 Highlights&#160;— Foreclosure Prevention</h2><h4 style="margin&#58;auto;color&#58;#777777;text-transform&#58;none;line-height&#58;1.6;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"> <strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></h4><ul style="color&#58;#444444;text-transform&#58;none;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;font-weight&#58;400;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><li>The Enterprises completed&#160;230,198 foreclosure prevention actions in July, bringing the total to 4,916,088 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</li><li>There were 4,481 permanent loan modifications in July, bringing the total to 2,425,327 since the conservatorships began in September 2008.</li><li>Eighteen&#160;percent of modifications in&#160;July were modifications with principal forbearance. Modifications with extend-term only accounted for 66 percent of all loan modifications during the month.</li><li>Beginning in July, the Enterprises offered payment deferrals to 108,492 borrowers who have completed a COVID-19 related forbearance plan, or who have a confirmed but resolved COVID-19 financial hardship.</li><li>Initiated forbearance plans dropped 31 percent from 129,855&#160;in&#160;June to&#160;88,989 in July.&#160;The total number of loans in forbearance plans decreased from 1,398,250 at the end of June to 1,263,98 at the end of July, representing approximately 4.46% of the total loans serviced, and 89 percent of the total delinquent loans.</li><li>There were&#160;321 short sales and deeds-in-lieu of foreclosure completed in July,&#160;up 4&#160;percent compared with June.</li></ul><h4 style="margin&#58;auto;color&#58;#777777;text-transform&#58;none;line-height&#58;1.6;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"> <strong>The Enterprises' Mortgage Performance&#58;</strong></h4><ul style="color&#58;#444444;text-transform&#58;none;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;font-weight&#58;400;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><li>The 30-59 days delinquency rate dropped to 1.12 percent, while the serious delinquency rate increased from 2.58 percent at the end of June to 3.19 percent at the end of July. The increase in the serious delinquency rate was as a result of the COVID-19 pandemic and the forbearance programs being offered to affected borrowers.</li></ul><h4 style="margin&#58;auto;color&#58;#777777;text-transform&#58;none;line-height&#58;1.6;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"> <strong>The Enterprises' Foreclosures&#58;</strong></h4><ul style="color&#58;#444444;text-transform&#58;none;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, sans-serif;font-size&#58;13px;font-style&#58;normal;font-weight&#58;400;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><li>Third-party and foreclosure sales increased to 629 in July while foreclosure starts increased slightly to 2,017 in July.</li></ul><h2>July&#160;2020 Highlights&#160;— Refinance Activities</h2><ul><li>Total refinance volume increased in July 2020 to levels last observed in 2009 as mortgage rates fell in previous months. Mortgage rates decreased further in July&#58; the average interest rate on a 30-year fixed rate mortgage fell to 3.02 percent from 3.16 percent in June.</li><li>In July, 13 refinances were completed through the High LTV Refinance Option, bringing total refinances through the High LTV Refinance Option from the inception of the program to 83.</li><li>The percentage of cash-out refinances decreased to 25 percent in July from 27 percent in June. Mortgage rates have continued to fall, creating more opportunities for non cash-out borrowers to refinance at lower rates and lower their monthly payments.</li></ul>10/15/2020 2:00:16 PMHome / About FHFA / Reports / Foreclosure Prevention, Refinance, and FPM Report — July 2020 Foreclosure 1283https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2020 Q2 / June28464<p><strong style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">​Washington, D.C.</strong> – U.S. house prices rose 5.4 percent from the second quarter of 2019 to the&#160;second quarter of 2020 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices were up 0.8 percent in the second quarter of 2019. FHFA’s seasonally&#160;adjusted monthly index for June was up 0.9 percent from May.<br></p><p>“Home prices grew by 5.4 percent in the second quarter of 2020 compared to a year ago, despite the impacts of COVID-19.” said Dr. Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA. “Although house prices fell slightly in May relative to April, in June prices rebounded by 0.9 percent over the month as local economies re-opened and transactions picked up again. Four Census Divisions showed strong early summer gains with month-over-month growth of one percent or more in June.” </p><div>View highlights video featuring Dr. Lynn Fisher at <a href="https&#58;//youtu.be/BCaHwLXe3Kc">https&#58;//youtu.be/BCaHwLXe3Kc</a>.</div><div><br>&#160;</div><div><a href="/Media/PublicAffairs/Pages/US-House-Prices-Up-5pt4-Pct-from-Last-Year-Prices-Rise-0pt8-Pct-in-2nd-Quarter-Despite-COVID.aspx">Related News Release</a><br></div>8/25/2020 1:00:08 PMHome / About FHFA / Reports / U.S. House Price Index Report - 2020 Q2 / June House Price Index 7286https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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