Reports and Plans

 

 

Refinance Report - October 201825938<h2>October&#160;2018&#160;Highlights&#160;</h2><ul><li><p>Total refinance volume increased in October 2018 after falling throughout most of the year in response to rising mortgage rates. Mortgage rates increased in October&#58; the average interest rate on a 30‐year fixed rate mortgage rose to 4.83 percent from 4.63 percent in September.</p> </li></ul><blockquote style="margin&#58;0px 0px 0px 40px;padding&#58;0px;border&#58;currentcolor;"><p style="border-color&#58;currentcolor;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-style&#58;normal;"> <span style="border-color&#58;currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;">In&#160;October 2018&#58;</span></p></blockquote><ul><ul><li>Borrowers completed 507 refinances through HARP, bringing total refinances from the inception of the program to 3,493,512.</li><li>HARP volume represented 1 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></ul><blockquote style="margin&#58;0px 0px 0px 40px;padding&#58;0px;border&#58;currentcolor;"><p>​Year to date through&#160;October 2018&#58;&#160;</p></blockquote><ul><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 16 percent of the volume of HARP loans.</li><li> <span style="border-color&#58;currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;">Thirty‐four 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.</span></li><li>HARP refinances represented 2 percent of total refinances in Florida, Georgia and Illinois compared to 1 percent of total refinances nationwide over the same period.</li></ul></ul><ul><li>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.<br></li><li> <span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">Nine states and one territory accounted for over 70 percent of the nation's HARP eligible loans with a refinance incentive as of June 30, 2018.</span></li></ul>12/13/2018 4:00:43 PMHome / About FHFA / Reports / Refinance Report - October 2018 Refinance Report 135https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 3Q 201825536<p>U.S. house prices rose 1.3 percent in the third quarter of 2018 according to&#160;the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; House prices rose&#160;6.3 percent from the third quarter of 2017 to the third quarter of 2018.&#160; FHFA's seasonally&#160;adjusted monthly index for September was up 0.2 percent from August. </p><p>The HPI is calculated&#160;using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and&#160;Freddie Mac.&#160; FHFA has produced a&#160;<a href="https&#58;//youtu.be/G3z5OX6Wmqo"><strong>video of highlights</strong></a>&#160;for this quarter.</p><p>Significant Findings</p><ul><li>Home prices rose in 50 states and the District of Columbia between the third quarter of 2017 and the third quarter of 2018.&#160; The top five areas in annual appreciation were&#58; &#160;1) Idaho 15.1 percent; 2) Nevada 15.0 percent; 3) Washington 10.6&#160;percent; 4) Utah 10.0 percent; and 5) Colorado 9.2 percent.&#160; The areas showing the smallest annual appreciation were&#58;&#160; 1) Alaska 0.2 percent; 2) North Dakota 1.0 percent; 3) Louisiana 1.5 percent; 4) District of Columbia 1.6 percent; and 5) connecticut 2.2 percent.</li><li>Home prices rose in 99 of the 100 largest metropolitan areas in the U.S. over the last four quarters. &#160;Annual price increases were greatest in Boise City,&#160; ID, where prices increased by 20.1 percent.&#160; Prices were weakest in Honolulu (&quot;Urban Honolulu&quot;), HI where they fell be 5.2 percent.</li><li>Of the nine census divisions, the Mountain division experienced the strongest four-quarter appreciation, posting an 8.9 percent gain between the third quarters of 2017 and 2018 and a 1.5 percent increase in the third&#160;quarter of 2018.&#160; Annual house appreciation was similarly weak in the New England, Middle Atlantic, and West South Central divisions,&#160;where prices rose less than 5.0&#160;percent between the third quarters of 2017 and 2018. <br><br><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1pt3-Percent-in-Third-Quarter-2018.aspx"><strong>Related News Release</strong></a><br><br>Link to <a href="https&#58;//www.youtube.com/watch?v=w_1o6VLsC84&amp;t=1s"><strong>video</strong></a> detailing the basic methodology behind the FHFA HPI.</li></ul>11/27/2018 2:00:48 PMHome / About FHFA / Reports / U.S. House Price Index Report - 3Q 2018 House Price Index 2190https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Third Quarter 201828859<h2 style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;font-family&#58;lato, sans-serif;font-size&#58;22px;font-weight&#58;900;vertical-align&#58;baseline;font-stretch&#58;inherit;background-color&#58;#ffffff;">Third&#160;Quarter 2018&#160;Highlights</h2><ul><li>Total refinance volume decreased in September 2018 as mortgage rates in August remained above the levels observed in 2017. Mortgage rates increased in September&#58; the average interest rate on a 30‐year fixed rate mortgage rose to 4.63 percent from 4.55 percent in August.</li></ul><blockquote dir="ltr" style="margin-right&#58;0px;"><p>In the&#160;third quarter of 2018&#58;</p></blockquote><ul><ul><li>Borrowers completed 1,865 refinances through HARP, bringing total refinances from the inception of the program to 3,493,005.</li><li>HARP volume represented 1 percent of total refinance volume.</li></ul></ul><blockquote dir="ltr" style="margin-right&#58;0px;"><p>&#160;Year to date through&#160;September 2018&#58;</p></blockquote><ul><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 16 percent of the volume of HARP loans.</li><li>Thirty‐three 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 2 percent of total refinances in Florida, Michigan, Georgia and Illinois compared to 1 percent of total refinances nationwide over the same period.</li></ul></ul><ul><li>In September 2018, 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 territory accounted for over 70 percent of the nation's HARP eligible loans with a refinance incentive as of June 30, 2018.</li></ul><p> <a href="/Media/PublicAffairs/Pages/Fannie-Mae-and-Freddie-Mac-Refinance-Volume-Decreases-In-Third-Quarter-2018.aspx">Related News Release</a></p>11/15/2018 4:00:52 PMHome / About FHFA / Reports / Refinance Report - Third Quarter 2018 Refinance Report 240https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx