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FHFA Index Shows Mortgage Rates Increased in November2208612/27/2016 5:00:00 AMNews Release<p> <strong>Washington, D.C.</strong> – Nationally, interest rates on conventional purchase-money mortgages increased from October to November, according to several indices of new mortgage contracts. </p><p> <strong>The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index </strong>was 3.66 percent for loans closed in late November, up 4 basis points from 3.62 percent in October. &#160;</p><p> <strong>The average interest rate on all mortgage loans</strong> was 3.64 percent, up 4 basis points from 3.60 in October.</p><p> <strong>The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less </strong>was 3.80 percent, up 4 basis points from 3.76 in October.</p><p> <strong>The effective interest rate on all mortgage loans </strong>was 3.77 percent in November, up 5 basis points from 3.72 in October. The effective interest rate accounts for the addition of initial fees and charges over the life of the mortgage.</p><p> <strong>The average loan amount </strong>for all loans was $314,700 in November, up $2,000 from $312,700 in October.</p><p>FHFA will release December index values Thursday, January 26, 2017.</p><p>For more information, call David Roderer at (202) 649-3206. To hear recorded index information, call (202) 649-3993. &#160;To find the complete contract rate series, go to <a href="/DataTools/Downloads/Pages/Monthly-Interest-Rate-Data.aspx">https&#58;//www.fhfa.gov/DataTools/Downloads/Pages/Monthly-Interest-Rate-Data.aspx</a>.</p><p> <img class="ms-rtePosition-4" alt="National Average Contract Mortgage Rate Previously Occupied Homes chart; November 2015 – November 2016" src="/Media/PublicAffairs/PublishingImages/Pages/FHFA-Index-Shows-Mortgage-Rates-Increased-in-November/NACMR_12212016.JPG" style="margin&#58;5px;" /> <br> </p> <p> Technical note&#58; The indices are based on a small monthly survey of mortgage lenders, which may not be representative. &#160;The sample is not a statistical sample but is rather a convenience sample. &#160;Survey respondents were asked to report terms and conditions of all conventional, single-family, fully amortized purchase-money loans closed during the last five working days of the month.&#160; Unless otherwise specified, the indices include 15-year mortgages and adjustable-rate mortgages.&#160; The indices do not include mortgages guaranteed or insured by either the Federal Housing Administration or the U.S. Department of Veterans Affairs. &#160;The indices also exclude refinancing loans and balloon loans.&#160; November 2016 values are based on 4,344 reported loans from 17 lenders, which include savings associations, mortgage companies, commercial banks, and mutual savings banks.&#160;&#160;</p>1/13/2017 9:02:46 PM1022https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index Up 0.4 Percent in October2171812/22/2016 5:00:00 AMNews Release<p><strong>Washington, D.C. </strong>– U.S. house prices rose in October, up <strong>0.4 percent </strong>on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). &#160;The previously reported 0.6 percent increase in September remained unchanged.&#160; </p><p>The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.&#160; From October 2015 to October 2016, house prices were up <strong>6.2</strong><strong> percent</strong>.&#160; </p><p>For the nine census divisions, seasonally adjusted monthly price changes from September 2016 to October 2016 ranged from <strong>-</strong><strong>0.6</strong> <strong>p</strong><strong>e</strong><strong>r</strong><strong>ce</strong><strong>n</strong><strong>t</strong> in the East South Central division to <strong>+1.2</strong><strong> </strong><strong>p</strong><strong>e</strong><strong>r</strong><strong>ce</strong><strong>n</strong><strong>t</strong> in the Mountain division.&#160; The 12-month changes were all positive, ranging from <strong>+3.6 percent</strong> in the Middle Atlantic division to <strong>+8.3 percent</strong> in the Mountain division.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs on the following pages.&#160; Complete historical downloadable data and HPI release dates for 2017 are available on the <a href="/hpi">HPI page</a>. </p><p>For detailed information on the HPI, see <a href="/Media/PublicAffairs/Pages/Housing-Price-Index-Frequently-Asked-Questions.aspx">HPI Frequently Asked Questions (FAQ)</a>.&#160; The&#160;next HPI report will be released January 25, 2017 and will include monthly data through November 2016.&#160;</p>12/22/2016 2:00:57 PM1214https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Third Quarter Foreclosure Prevention Report: Seriously Delinquent Loans Drop to Lowest Level Since June 20082172212/22/2016 5:00:00 AMNews Release<p><strong>Washington, D.C. </strong>– The Federal Housing Finance Agency (FHFA) today released its third quarter<em> Foreclosure Prevention Report </em>which shows that the serious delinquency rate for mortgages owned or guaranteed by Fannie Mae and Freddie Mac (the Enterprises) has reached the lowest level since June of 2008. &#160;The Enterprises' serious delinquency rate fell to 1.16 percent at the end of the third quarter of this year.</p><p>Overall, the Enterprises completed 46,390 foreclosure prevention actions in the third quarter, bringing the total number of foreclosure prevention actions to more than <strong>3.7 million </strong>since the start of the conservatorships in September 2008. &#160;FHFA's report includes data on Fannie Mae and Freddie Mac home retention actions, delinquency data and real estate owned (REO) inventory.&#160; FHFA publishes the report data in an online, interactive <a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx">Borrower Assistance Map</a> on FHFA.gov.&#160; Other foreclosure prevention data noted in the quarterly report include&#58;&#160;</p><ul><li>The number of 60+ days delinquent loans declined another 3 percent to 421,765 at the end of the third quarter, also the lowest level since 2008.</li><li>Nearly one-third of the loan modifications during the quarter reduced borrowers' monthly payments by over 30 percent.</li><li>Fannie Mae and Freddie Mac's REO inventory declined by 9 percent in the third quarter to 52,891 as property dispositions continued to outpace acquisitions.</li></ul><p><a href="/AboutUs/Reports/ReportDocuments/FPR_3Q2016.pdf">Link to Report</a></p>12/22/2016 4:00:55 PM436https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx