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U.S. House Price Index - March 202443936<p>​​U.S. house prices fell in January, down <strong>0.1 percent </strong>from December, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose <strong>6.3 percent</strong> from January 2023 to January 2024. The previously reported 0.1 percent price increase in December remained unchanged.</p><p>For the nine census divisions, seasonally adjusted monthly price changes from December 2023 to January 2024 ranged from <strong>-0.6 percent</strong> in the South Atlantic division to <strong>+1.5 percent</strong> in the West North Central division. The 12-month changes were all positive, ranging from <strong>+3.8 percent</strong> in the West South Central division to <strong>+8.7 percent</strong> in the East North Central division.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs in&#160;the attached report. Downloadable data and HPI release dates for all of 2024 are available here&#58; <a href="/HPI">https&#58;//www.fhfa.gov/HPI</a>.</p><p> <a href="/Media/PublicAffairs/Pages/FHFA-HPI-Down-0pt1-Percent-in-January-Up-6pt3-Percent-from-Last-Year.aspx">Related News R​elease</a></p>3/26/2024 1:01:12 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / U.S. House Price Index - March 2024 U.S. house prices fell in January, down 0.1 percent from December 1912https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2023Q428980<p>​​​​​​​​U.S. house prices rose <strong>6.5 percent </strong>between the fourth quarter of 2022 and the fourth quarter of 2023, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up <strong>1.5 percent </strong>compared to the third quarter of 2023. FHFA’s seasonally adjusted monthly index for December was up <strong>0.1 percent</strong> from November.​​​<br></p><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;color&#58;#404040;background-color&#58;#ffffff;">Tables and graphs showing home price statistics for metropolitan areas, states, census divisions, and the U.S. are included&#160; in the attachment.&#160;<br></p><p> <a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-6pt5-Percent-over-the-Last-Year-Up-1pt5-Percent-from-Q3.aspx">Related News Release</a>​​<br></p>2/27/2024 2:01:02 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / U.S. House Price Index Report - 2023Q4 U.S. house prices rose 6.5 percent between the fourth quarter of 3585https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance, and Federal Property Manager's Report - November 202344557<h2 style="padding-bottom&#58;10px !important;padding-top&#58;8px !important;">​​November 2023&#160;Highlights - Foreclosure Prevention<br></h2><p style="padding-top&#58;0px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;">The Enterprises' Foreclosure Prevention Actions&#58;​<br></p><ul><li style="line-height&#58;1.3 !important;padding-top&#58;4px !important;margin-top&#58;4px !important;">The Enterprises completed 14,055 foreclosure prevention actions in November, bringing the total to 6,891,104 since the start of the conservatorships in September 2008. Approximately 39 percent of these actions have been permanent loan modifications. </li><li style="line-height&#58;1.3 !important;">There were 4,159 permanent loan modifications in November, bringing the total to 2,678,209 since the conservatorships began in September 2008.</li><li style="line-height&#58;1.3 !important;">Approximately 79 percent of loan modifications in November involved extend term only. Modifications with principal forbearance accounted for 18 percent of all loan modifications during the month.</li><li style="line-height&#58;1.3 !important;">The number of borrowers who received payment deferrals after completing a forbearance plan decreased 3 percent from 6,722 in October to 6,504 in November 2023.</li><li style="line-height&#58;1.3 !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;">Initiated forbearance plans decreased from 10,245 in October to 7,238 in November 2023. The total number of loans in forbearance also decreased from 48,132 at the end of October to 45,654 at the end of November, representing approximately 0.15 percent of the total loans serviced and 9 percent of the total delinquent loans.</li></ul> ​ <p style="padding-top&#58;0px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;margin-top&#58;0px !important;"> The Enterprises' Mortgage Performance&#58;&#160;</p><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;margin-top&#58;4px !important;">The 30-59 days delinquency rate increased to 0.94 percent while the serious delinquency rate also increased to 0.54 percent at the end of November.</li></ul></div><p style="padding-top&#58;8px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;"> The Enterprises' Foreclosures&#58;​<br></p><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;margin-top&#58;4px !important;">Third-party and foreclosure sales decreased 11 percent to 1,083 while foreclosure starts increased slightly to 6,343 in November. </li></ul></div><h2 style="padding-top&#58;16px !important;padding-bottom&#58;8px !important;">November​&#160;​2023&#160;Highlights - Refinance Activities</h2><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;">​Total refinance volume increased in November 2023, but continued at a lower volume compared to the volumes observed through mid 2022, as mortgage rates increased in October. Mortgage rates fell in November&#58; the average interest rate on a 30-year fixed rate mortgage decreased to 7.44 percent from an October level of 7.62 percent.</li><li style="line-height&#58;1.3 !important;">The percentage of borrowers refinancing into shorter term 15-year mortgages decreased to 8 percent in November. The average interest rate savings of a 15-year mortgage over a 30-year mortgage has been higher in 2021 through 2023 compared to previous years.</li></ul></div>​​<br>2/13/2024 6:15:56 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / Foreclosure Prevention, Refinance, and Federal Property Manager's Report - November 2023 1482https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - January 202444017<p>U.S. house prices rose in November, up <strong>0.3 percent</strong> from October, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose <strong>6.6 percent</strong> from November 2022 to November 2023. The previously reported 0.3 percent price increase in October remained unchanged.</p><p>For the nine census divisions, seasonally adjusted monthly price changes from October 2023 to November 2023 ranged from <strong>-0.2 percent</strong> in the New England division to <strong>+0.7 percent</strong> in the Mountain division. The 12-month changes ranged from <strong>+3.1 percent</strong> in the West South Central division to <strong>+9.8 percent</strong> in the New England division.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs in&#160;the attached report. Downloadable data and HPI release dates for all of 2024 are available here&#58; <a href="/HPI">https&#58;//www.fhfa.gov/HPI</a>.</p><p> <a href="/Media/PublicAffairs/Pages/FHFA-HPI-Up-0pt3-Percent-in-November-Up-6pt6-Percent-from-Last-Year.aspx">Related News R​elease</a></p>1/30/2024 2:00:36 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / U.S. House Price Index - January 2024 U.S. house prices rose in November, up 0.3 percent from 5084https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance, and Federal Property Manager's Report - October 202343969<h2 style="padding-bottom&#58;10px !important;padding-top&#58;8px !important;">October 2023&#160;Highlights - Foreclosure Prevention<br></h2><p style="padding-top&#58;0px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;">The Enterprises' Foreclosure Prevention Actions&#58;​<br></p><ul><li style="line-height&#58;1.3 !important;padding-top&#58;4px !important;margin-top&#58;4px !important;">The Enterprises completed 15,222 foreclosure prevention actions in October, bringing the total to 6,877,049 since the start of the conservatorships in September 2008. Approximately 39 percent of these actions have been permanent loan modifications.</li><li style="line-height&#58;1.3 !important;">There were 4,616 permanent loan modifications in October, bringing the total to 2,674,050 since the conservatorships began in September 2008.</li><li style="line-height&#58;1.3 !important;">Approximately 79 percent of loan modifications in October involved extend term only. Modifications with principal forbearance accounted for 19 percent of all loan modifications during the month.</li><li style="line-height&#58;1.3 !important;">The number of borrowers who received payment deferrals after completing a forbearance plan increased 12 percent from 5,995 in September to 6,722 in October 2023.</li><li style="line-height&#58;1.3 !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;">Initiated forbearance plans increased from 9,034 in September to 10,245 in October 2023. The total number of loans in forbearance also increased from 47,672 at the end of September to 48,132 at the end of October, representing approximately 0.16 percent of the total loans serviced and 9 percent of the total delinquent loans.</li></ul> ​ <p style="padding-top&#58;0px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;margin-top&#58;0px !important;"> The Enterprises' Mortgage Performance&#58;&#160;</p><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;margin-top&#58;4px !important;">The 30-59 days delinquency rate decreased slightly to 0.92 percent while the serious delinquency rate fell to 0.53 percent at the end of October.</li></ul></div><p style="padding-top&#58;8px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;"> The Enterprises' Foreclosures&#58;​<br></p><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;margin-top&#58;4px !important;">Third-party and foreclosure sales increased 6 percent to 1,223 while foreclosure starts rose 8 percent to 6,306 in October.</li></ul></div><h2 style="padding-top&#58;16px !important;padding-bottom&#58;8px !important;">October&#160;​2023&#160;Highlights - Refinance Activities</h2><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;">Total refinance volume decreased in October 2023, and continued at a lower volume compared to the volumes observed through mid 2022, as mortgage rates increased in September. Mortgage rates rose in October&#58; the average interest rate on a 30-year fixed rate mortgage increased to 7.62 percent from an August level of 7.20 percent.</li><li style="line-height&#58;1.3 !important;">The percentage of borrowers refinancing into shorter term 15-year mortgages decreased to 9 percent in October. The average interest rate savings of a 15-year mortgage over a 30-year mortgage has been higher in 2021 through 2023 compared to previous years.​​<br></li></ul></div>​​<br>1/25/2024 6:00:43 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / Foreclosure Prevention, Refinance, and Federal Property Manager's Report - October 2023 1816https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - December 202344637<p>​U.S. house prices rose in October, up <strong>0.3 percent</strong> from September, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose <strong>6.3 percent</strong> from October 2022 to October 2023. The previously reported 0.6 percent price increase in September was revised to a 0.7 percent increase.​<br></p><p>For the nine census divisions, seasonally adjusted monthly price changes from September 2023 to October 2023 ranged from <strong>-0.3 percent</strong> in the New England division to <strong>+1.1 percent</strong> in the Middle Atlantic division. The 12-month changes ranged from <strong>+2.6 percent</strong> in the Mountain division to <strong>+9.9 percent</strong> in the Middle Atlantic division.<br></p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs in&#160;the attached report. Downloadable data and HPI release dates for all of 2023 are available here&#58; <a href="/HPI">https&#58;//www.fhfa.gov/HPI</a>.</p><p> <a href="/Media/PublicAffairs/Pages/FHFA-HPI-Up-0pt3-Percent-in-October-Up-6pt3-Percent-from-Last-Year.aspx">Related News Release</a></p>12/26/2023 2:00:41 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / U.S. House Price Index - December 2023 U.S. house prices rose in October, up 0.3 percent from 6150https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2023Q344498<p>​​​​​​U.S. house prices rose <strong>5.5 percent</strong> between the third quarter of 2022 and the third quarter of 2023, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up <strong>2.1 percent</strong> compared to the second quarter of 2023. FHFA’s seasonally adjusted monthly index for September was up <strong>0.6 percent</strong> from August.</p><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;color&#58;#404040;background-color&#58;#ffffff;">Tables and graphs showing home price statistics for metropolitan areas, states, census divisions, and the U.S. are included&#160; in the attachment.&#160;<br></p><p> <a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-5pt5-Percent-over-the-Last-Year-Up-2pt1-Percent-from-Q2.aspx">Related News Release</a>​​<br></p>11/28/2023 2:01:17 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / U.S. House Price Index Report - 2023Q3 U.S. house prices rose 5.5 percent between the third quarter of 8569https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance, and Federal Property Manager's Report - August 202344437<h2 style="padding-bottom&#58;10px !important;padding-top&#58;8px !important;">​​​​​​​​​August 2023&#160;Highlights - Foreclosure Prevention<br></h2><p style="padding-top&#58;0px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;">The Enterprises' Foreclosure Prevention Actions&#58;​<br></p><ul><li style="line-height&#58;1.3 !important;padding-top&#58;4px !important;margin-top&#58;4px !important;">The Enterprises completed 15,649 foreclosure prevention actions in August, bringing the total to 6,847,892 since the start of the conservatorships in September 2008. Approximately 39 percent of these actions have been permanent loan modifications.</li><li style="line-height&#58;1.3 !important;">There were 5,569 permanent loan modifications in August, bringing the total to 2,665,258 since the conservatorships began in September 2008.</li><li style="line-height&#58;1.3 !important;">Approximately 77 percent of loan modifications in August involved extend term only. Modifications with principal forbearance accounted for 21 percent of all loan modifications during the month.</li><li style="line-height&#58;1.3 !important;">The number of borrowers who received payment deferrals after completing a forbearance plan increased 12 percent from 5,264 in July to 5,878 in August 2023.</li><li style="line-height&#58;1.3 !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;">Initiated forbearance plans increased from 8,610 in July to 9,394 in August 2023. However, the total number of loans in forbearance decreased from 51,736 at the end of July to 49,365 at the end of August, representing approximately 0.16 percent of the total loans serviced and 10 percent of the total delinquent loans.</li></ul> ​ <p style="padding-top&#58;0px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;margin-top&#58;0px !important;"> The Enterprises' Mortgage Performance&#58;&#160;</p><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;margin-top&#58;4px !important;">The 30-59 days delinquency rate decreased slightly to 0.83 percent while the serious delinquency rate fell to 0.54 percent at the end of August.</li></ul></div><p style="padding-top&#58;8px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;"> The Enterprises' Foreclosures&#58;​<br></p><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;margin-top&#58;4px !important;">Third-party and foreclosure sales increased 3 percent to 1,248 while foreclosure starts rose 12 percent to 7,202 in August.</li></ul></div><h2 style="padding-top&#58;16px !important;padding-bottom&#58;8px !important;">August​&#160;​2023&#160;Highlights - Refinance Activities</h2><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;">Total refinance volume increased in August 2023, but continued at a lower volume compared to the volumes observed through mid 2022, as mortgage rates increased in July. Mortgage rates rose in August&#58; the average interest rate on a 30-year fixed rate mortgage increased to 7.07 percent from a June level of 6.84 percent.</li><li style="line-height&#58;1.3 !important;">The percentage of borrowers refinancing into shorter term 15-year mortgages decreased to 10 percent in August. The average interest rate savings of a 15-year mortgage over a 30-year mortgage has been higher in 2021 through 2023 compared to previous years. However, over this period, the higher monthly cost of a 15-year mortgage compared to the greater affordability of a 30-year mortgage has limited borrower interest in the 15-year mortgage due to increased mortgage rates.​<br></li></ul></div>​​<br>11/9/2023 6:00:31 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / Foreclosure Prevention, Refinance, and Federal Property Manager's Report - August 2023 3107https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - October 202341279<p>​​​​​​​​​​​​​​​U.S. house prices rose in August, up <strong>0.6 percent</strong> from July, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose<strong> 5.6 percent</strong> from August 2022 to August 2023. The previously reported 0.8 percent price increase in July remained unchanged.</p><p>For the nine census divisions, seasonally adjusted monthly price changes from July 2023 to August 2023 ranged from <strong>-0.2 percent</strong> in the South Atlantic division to <strong>+1.1 percent</strong> in the Pacific and East North Central divisions. The 12-month changes ranged from <strong>+2.4 percent</strong> in the Mountain division to <strong>+8.6 percent</strong> in the Middle Atlantic division.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs in&#160;the attached report. Downloadable data and HPI release dates for all of 2023 are available here&#58; <a href="/HPI">https&#58;//www.fhfa.gov/HPI</a>.</p><p> <a href="/Media/PublicAffairs/Pages/FHFA-HPI-Up-0pt6-Percent-in-August-Up-5pt6-Percent-from-Last-Year.aspx">Related News Release</a></p>10/31/2023 1:00:47 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / U.S. House Price Index - October 2023 U.S. house prices rose in August, up 0.6 percent from July 6892https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance, and Federal Property Manager's Report - July 202340145<h2 style="padding-bottom&#58;10px !important;padding-top&#58;8px !important;">​​​July​ 2023&#160;Highlights - Foreclosure Prevention<br></h2><p style="padding-top&#58;0px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;">The Enterprises' Foreclosure Prevention Actions&#58;​<br></p><ul><li style="line-height&#58;1.3 !important;padding-top&#58;4px !important;margin-top&#58;4px !important;">The Enterprises completed 13,772 foreclosure prevention actions in July, bringing the total to 6,832,243 since the start of the conservatorships in September 2008. Approximately 39 percent of these actions have been permanent loan modifications.</li><li style="line-height&#58;1.3 !important;">There were 4,618 permanent loan modifications in July, bringing the total to 2,659,689 since the conservatorships began in September 2008.</li><li style="line-height&#58;1.3 !important;">Approximately 77 percent of loan modifications in July involved extend term only. Modifications with principal forbearance accounted for 20 percent of all loan modifications during the month.</li><li style="line-height&#58;1.3 !important;">The number of borrowers who received payment deferrals after completing a COVID- 19 related forbearance plan decreased 13 percent from 6,078 in June to 5,264 in July 2023.​<br></li><li style="line-height&#58;1.3 !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;">Initiated forbearance plans decreased from 8,697 in June to 8,610 in July 2023. The total number of loans in forbearance also decreased from 54,109 at the end of June to 51,736 at the end of July, representing approximately 0.17 percent of the total loans serviced and 11 percent of the total delinquent loans.​<br></li></ul> ​ <p style="padding-top&#58;0px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;margin-top&#58;0px !important;"> The Enterprises' Mortgage Performance&#58;&#160;</p><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;margin-top&#58;4px !important;">The 30-59 days delinquency rate increased to 0.84 percent while the serious delinquency rate remained unchanged at 0.55 percent at the end of July.​<br></li></ul></div><p style="padding-top&#58;8px !important;padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;font-weight&#58;600 !important;"> The Enterprises' Foreclosures&#58;​<br></p><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;margin-top&#58;4px !important;">Third-party and foreclosure sales decreased 9 percent to 1,209 while foreclosure starts increased 4 percent to 6,438 in July.​<br></li></ul></div><h2 style="padding-top&#58;16px !important;padding-bottom&#58;8px !important;">July​&#160;​2023&#160;Highlights - Refinance Activities</h2><div style="padding-top&#58;0px;"><ul><li style="line-height&#58;1.3 !important;">Total refinance volume decreased in July 2023 as mortgage rates increased in June. Mortgage rates rose in July&#58; the average interest rate on a 30-year fixed rate mortgage increased to 6.84 percent from a June level of 6.71 percent.</li><li style="line-height&#58;1.3 !important;">The percentage of borrowers refinancing into shorter term 15-year mortgages continued at 11 percent in July. The average interest rate savings of a 15-year mortgage over a 30-year mortgage has been higher in 2021 through 2023 compared to previous years. However, over this period, the higher monthly cost of a 15-year mortgage compared to the greater affordability of a 30-year mortgage has limited borrower interest in the 15-year mortgage due to increased mortgage rates.​<br></li></ul></div>​​<br>10/12/2023 3:00:10 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / Foreclosure Prevention, Refinance, and Federal Property Manager's Report - July 2023 3783https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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