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U.S. House Price Index Report - July 201723594<p>The FHFA House Price Index (HPI) reported a&#160;0.2 percent increase in U.S. house prices in July from&#160;the previous month.&#160; From July 2016 to July 2017, house prices were up 6.3 percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from June 2017 to July 2017 ranged from -0.5 percent in the West North Central and Pacific divisions to +0.6 percent in the East North Central division.&#160; The 12-month changes were all positive, ranging from +4.2 percent in the West North Central division to +8.2 percent in the Mountain and Pacific divisions.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.&#160;</p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0-2-Percent-in-July.aspx">Related News Release</a></p>9/21/2017 1:00:07 PM463https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - July 201717950<h2>July 2017 Highlights</h2><p>Total refinance volume decreased in July 2017 as mortgage rates in June remained above the lows observed in 2016. Mortgage rates increased in July&#58; the average interest rate on a 30-year fixed rate mortgage rose to 3.97 percent from 3.90 percent in June.</p><p>In July 2017&#58;&#160;<br></p><ul><li>Borrowers completed 2,305 refinances through HARP, bringing total refinances from the inception of the program to&#160;3,473,109.</li><li>HARP volume represented 2 percent of total refinance volume.<br></li><li>Seven percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.<br></li></ul><p>Year to date through July 2017&#58;</p><ul><li>Borrowers with loan-to-value ratios greater than 105 percent accounted for 19 percent of the volume of HARP loans.<br></li><li>Twenty-six 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 6 or more percent of total refinances in Nevada, and Florida, double the 3 percent of total refinances nationwide over the same period.<br></li></ul><p>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</p><p>Nine states and one U.S. territory accounted for over 60 percent of the Nation's HARP eligible loans with a refinance incentive as of March 31, 2017.<br></p>9/14/2017 3:00:41 PM199https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2Q 201723730<p>U.S. house prices rose 1.6 percent in the second quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; &#160;House prices rose 6.6 percent from the second quarter of 2016 to the second quarter of 2017.&#160; FHFA's seasonally adjusted monthly index for June was up 0.1 percent from May.&#160; </p><p>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 <a title="Link goes to an external web page." href="https&#58;//youtu.be/KsZDiBku9dY" target="_blank">video of highlights</a> for this quarter.&#160; </p><p style="text-decoration&#58;underline;"><strong>Significant Findings</strong></p><ul><li>Home prices rose in 48 states and the District of Columbia between the second quarter of 2016 and the second quarter of 2017.&#160; The top five states in annual appreciation were&#58; &#160;1) <strong>Washington </strong>12.4 percent; 2) <strong>Colorado </strong>10.4 percent; 3) <strong>Idaho </strong>10.3 percent; 4) <strong>Florida </strong>9.4 percent; and 5) <strong>Utah </strong>9.2 percent.</li><li>Among the 100 largest metropolitan areas in the U.S., annual price increases were greatest in the <strong>Seattle-Bellevue-Everett, WA (MSAD), </strong>where prices increased by 15.7 percent.&#160; Prices were weakest in <strong>New Haven-Milford, CT</strong>, where they rose by 0.1 percent.</li><li>Of the nine census divisions, the <strong>Pacific </strong>division experienced the strongest increase in the second quarter, posting a 2.6 percent quarterly increase and a 8.9 percent increase since the second quarter of last year. &#160;House price appreciation was weakest in the <strong>Middle Atlantic </strong>division, where prices rose 0.8 percent from the last quarter.&#160;</li></ul><p><a href="/Media/PublicAffairs/Pages/U-S-House-Prices-Rise-1pt6-Percent-in-Second-Quarter-2017.aspx">Related News Release</a></p>8/22/2017 1:00:56 PM3055https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Second Quarter 201723709<h2>Second Quarter 2017 Highlights</h2><div><ul><li>Total refinance volume increased in June 2017 as mortgage rates fell in May. Mortgage rates continued to decrease in June&#58; the average interest rate on a 30-year fixed rate mortgage fell to 3.90 percent from 4.01 percent in May.<br></li></ul></div><blockquote style="margin&#58;0px 0px 0px 40px;padding&#58;0px;border&#58;currentcolor;"><div><p>In the second quarter of 2017&#58;</p></div></blockquote><div><ul><ul><li>Borrowers completed 9,707 refinances through HARP, bringing total refinances from the inception of the program to 3,470,804.</li><li>HARP volume represented 3 percent of total refinance volume.</li></ul></ul></div><div> &#160;&#160; <br></div><blockquote style="margin&#58;0px 0px 0px 40px;padding&#58;0px;border&#58;currentcolor;"><div>Year to date through June 2017&#58;</div></blockquote><div> <br> </div><div><ul><ul><li>Borrowers with loan-to-value ratios greater than 105 percent accounted for 19 percent of the volume of HARP loans.</li><li>Twenty-five 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>HARP refinances represented 6 or more percent of total refinances in Nevada, and Florida, double the 3 percent of total refinances nationwide over the same period.<br></li></ul></ul><ul><li>In June 2017, 6 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</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><li>Nine states and one U.S. territory accounted for over 60 percent of the Nation's HARP eligible loans with a refinance incentive as of March 31, 2017.</li></ul><div><br> <a href="/Media/PublicAffairs/Pages/Refinance-Volume-Continued-to-Slow-in-Second-Quarter.aspx">Related News Release</a><br></div></div>8/17/2017 5:00:13 PM306https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
House Price Index - May 201723415<p style="font-style&#58;normal;">U.S. house prices rose in May according to the&#160;FHFA seasonally adjusted monthly House Price Index (HPI). &#160;From May 2016 to May 2017, house prices were up&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">6.9&#160;percent</span>.&#160;</p><p style="font-style&#58;normal;">For the nine census divisions, seasonally adjusted monthly price changes from April 2017 to May 2017 ranged from -0.5 percent in the Middle Atlantic&#160;division to +1.0&#160;percent in the West South Central division.&#160; The 12-month changes were all positive, ranging from +4.0&#160;percent in the Middle Atlantic&#160;division to +8.7 percent in the Pacific division.</p><p style="font-style&#58;normal;">Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.<br><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt4-Percent-in-May-2017.aspx">Related News Release</a></p>7/25/2017 1:01:02 PM2281https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - May 201723376<h2>May 2017 Highlights</h2><p>Total refinance volume fell in May 2017 as mortgage rates in April remained over half a percent higher than the lows observed in 2016. Mortgage rates decreased in May&#58; the average interest rate on a 30-year fixed rate mortgage fell to 4.01 percent from 4.05 percent in April.</p><p>In May 2017&#58;</p><ul><li>Borrowers completed 3,291 refinances through HARP, bringing total refinances from the inception of the program to 3,467,881.</li><li>HARP volume represented 3 percent of total refinance volume.</li><li>Five percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</li></ul><p>Year to date through May 2017&#58;</p><ul><li>Borrowers with loan-to-value ratios greater than 105 percent accounted for 19 percent of the volume of HARP loans.</li><li>Twenty-five 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>HARP refinances represented 6 or more percent of total refinances in Nevada, and Florida, double the 3 percent of total refinances nationwide over the same period.</li></ul><p>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</p><p>Ten states accounted for over 60 percent of the Nation's HARP eligible loans with a refinance incentive as of December 31, 2016.</p>7/18/2017 3:00:05 PM468https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - April 201723098<p style="font-style&#58;normal;">U.S. house prices rose in April&#160;according to the&#160;FHFA seasonally adjusted monthly House Price Index (HPI). &#160;From April&#160;2016 to April&#160;2017, house prices were up&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">6.8&#160;percent</span>.&#160;</p><p style="font-style&#58;normal;">For the nine census divisions, seasonally adjusted monthly price changes from March&#160;2017 to April&#160;2017 ranged from -0.1 percent in the East South Central&#160;division to +1.6&#160;percent in the West South Central division.&#160; The 12-month changes were all positive, ranging from +4.7&#160;percent in the West North Central&#160;division to +8.9 percent in the Mountain division.</p><p style="font-style&#58;normal;">Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.<br></p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt7-Percent-in-April-2017.aspx">Related News Release</a><br></p>6/22/2017 1:00:37 PM2586https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Report to Congress - 201622983<table width="100%" class="ms-rteTable-0" cellspacing="0" style="height&#58;154px;"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;"> <a href="/AboutUs/Reports/ReportDocuments/FHFA_2016_Report-to-Congress.pdf"> <img src="/AboutUs/Reports/PublishingImages/Report_Gen_Thumbs/2016ARcover.jpg" alt="2016 Report to Congress Cover" style="margin&#58;5px;" /></a> </td><td class="ms-rteTableOddCol-0" style="width&#58;50%;"><p>​The Federal Housing Finance Agency's 2016 <em> <a href="/AboutUs/Reports/ReportDocuments/FHFA_2016_Report-to-Congress.pdf">Report to Congress</a></em> (a statutorily-required report) provides information about FHFA’s 2016 examinations of Fannie Mae, Freddie Mac (the Enterprises), 11 Federal Home Loan Banks (FHLBanks) and the FHLBanks’ Office of Finance.&#160; The report also describes FHFA’s actions as conservator of Fannie Mae and Freddie Mac during the year and it describes the Agency’s regulatory guidance, research and publications.&#160;&#160;&#160;</p><p> <a href="/Media/PublicAffairs/Pages/FHFA-Releases-2016-Report-to-Congress.aspx">Related News Release</a></p></td></tr></tbody></table>8/16/2017 3:02:36 PM1263https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - April 201722989<h2>April 2017 Highlights</h2><p> Total refinance volume fell in April 2017 as mortgage rates in March remained over half a percent higher than the lows observed in 2016. Mortgage rates decreased in April&#58; the average interest rate on a 30‐year fixed rate mortgage fell to 4.05 percent from 4.20 percent in March.</p><p> In April 2017&#58; </p><ul><li> Borrowers completed 3,493 refinances through HARP, bringing total refinances from the inception of the program to 3,464,589. </li><li>HARP volume represented 3 percent of total refinance volume. </li><li>Six percent of the loans refinanced through HARP had a loan-to‐value ratio greater than 125 percent. </li></ul><p> Year to date through April 2017&#58; </p><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 19 percent of the volume of HARP loans. </li><li>Twenty-five 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> HARP refinances represented 6 or more percent of total refinances in Nevada, and Florida, double the 3 percent of total refinances nationwide over the same period. </li></ul><p>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program. </p><p>Ten states accounted for over 60 percent of the Nation's HARP eligible loans with a refinance incentive as of December 31, 2016. </p>6/15/2017 5:00:49 PM615https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 1Q 201711667<p>​U.S. house prices rose <strong>1.4 percent</strong> in the first quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; &#160;House prices rose <strong>6.0 percent</strong> from the first quarter of 2016 to the first quarter of 2017.&#160; FHFA's seasonally adjusted monthly index for March was up <strong>0.6 percent </strong>from February.&#160; </p><p>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 <a href="https&#58;//youtu.be/H0asD2nh76c">video of highlights</a> for this quarter.</p> <strong>Significant Findings</strong> <ul><li><p>Home prices rose in 48 states and the District of Columbia between the first quarter of 2016 and the first quarter of 2017.&#160; The top five areas in annual appreciation were&#58; &#160;1) District of Columbia 13.9 percent; 2) Colorado 10.7 percent; 3) Idaho 10.3 percent; 4) Washington 10.2 percent; and 5) New Hampshire 9.5 percent.</p></li><li><p>Among the 100 largest metropolitan areas in the U.S., annual price increases were greatest in the Grand Rapids-Wyoming, MI, where prices increased by 13.7 percent.&#160; Prices were weakest in San Francisco-Redwood City-South San Francisco, CA (MSAD), where they fell 2.5 percent.</p></li><li><p>Of the nine census divisions, the Pacific division experienced the strongest increase in the first quarter, posting a 2.0 percent quarterly increase and a 7.7 percent increase since the first quarter of last year. &#160;House price appreciation was weakest in the Middle Atlantic division, where prices rose 1.0 percent from the last quarter.</p></li></ul><p> <a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1-4-Percent-in-First-Quarter.aspx">Related News Release</a></p>5/24/2017 1:00:43 PM4987https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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