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U.S. House Price Index Report - 4Q 201622209<p>U.S. house prices rose<strong> 1.5 percent </strong>in the fourth quarter of 2016 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; &#160;House prices rose 6.2 percent from the fourth quarter of 2015 to the fourth quarter of 2016.&#160; FHFA's seasonally adjusted monthly index for December was up 0.4 percent from November.&#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;//www.youtube.com/watch?v=Nmhyu_hukHA&amp;t=1s">video of highlights</a> for this quarter.&#160; </p><p><strong>Significant Findings</strong></p><ul><li>&#160;Home prices rose in 46 states and the District of Columbia between the fourth quarter of 2015 and the fourth quarter of 2016.&#160; The top five states in annual appreciation were&#58; &#160;1) Oregon 11.0 percent; 2) Colorado 10.6 percent; 3) Florida 10.4 percent; 4) Washington 10.2 percent; and 5) Nevada 8.9 percent.<br></li><li>Among the 100 largest metropolitan areas in the U.S., annual price increases were greatest in the Tampa-St. Petersburg-Clearwater, FL, where prices increased by 13.2 percent.&#160; Prices were weakest in Wilmington, DE-MD-NJ (MSAD), where they fell 1.8 percent.</li><li>Of the nine census divisions, the Mountain division experienced the strongest increase in the fourth quarter, posting a 2.1 percent quarterly increase and a 8.0 percent increase since the fourth quarter of last year. &#160;House price appreciation was weakest in the Middle Atlantic division, where prices rose 0.9 percent from the last quarter. </li></ul><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1pt5-Percent-in-Fourth-Quarter.aspx">Related News Release</a></p>2/23/2017 2:00:48 PM783https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Fourth Quarter 201621923<h2>Fourth Quarter 2016 Highlights </h2><p> Total refinance volume fell in December 2016 as mortgage rates increased in November. Mortgage rates increased further in December&#58; the average interest rate on a 30‐year fixed rate mortgage was 4.20 percent. </p><p> In the fourth quarter of 2016&#58; </p><ul><li>Borrowers completed 13,220 refinances through HARP,bringing total refinances from the inception of the program to 3,447,671. </li><li>HARP volume represented 2 percent of total refinance volume.</li></ul><p> Year to date through December 2016&#58; </p><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 21 percent of the volume of HARP loans. </li><li>Twenty‐seven 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, Florida, and Georgia, double the 3 percent of total refinances nationwide over the same period.</li></ul><p> In December, seven percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent. Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance&#160;through the program.<br>Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of September 30, 2016.<br><a href="/Media/PublicAffairs/Pages/Refinance-Volume-Continued-to-Slow-in-Fourth-Quarter.aspx">Related News Release</a><br> </p>2/15/2017 8:00:37 PM202https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - November 201621130<h2>November 2016 Highlights</h2><p>​<strong>The Enterprises' Foreclosure Prevention Actions&#58; </strong></p><ul><li> The Enterprises completed 15,576 foreclosure prevention actions in November 2016, bringing the total to 3,817,834 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications. </li><li>There were 9,837 permanent loan modifications in November, bringing the total to 2,012,742 since the conservatorships began in September 2008. </li><li>The share of modifications with principal forbearance increased to 29 percent while modifications with extend-term only decreased to 38 percent in November. </li><li> There were 1,941 short sales and deeds-in-lieu completed in November, up 10 percent compared with October. </li></ul><p> <strong>The Enterprises' Mortgage Performance&#58; </strong> </p><ul><li>The serious delinquency rate increased slightly from 1.14 percent at the end of October to 1.15 percent at the end of November. </li></ul><p><strong>The Enterprises' Foreclosures&#58; </strong></p><ul><li> Third-party and foreclosure sales increased 6 percent from 6,094 in October to 6,489 in November. </li><li>Foreclosure starts decreased 6 percent from 19,194 in October to 18,066 in November. </li></ul>2/9/2017 4:00:50 PM210https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx