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 Releases, Statements, Speeches and Testimony

 

 

FHFA Index Shows Mortgage Rates Decreased in March117234/27/2017 4:00:00 AMNews Release<p> <strong>Washington, D.C.</strong> – Nationally, interest rates on conventional purchase-money mortgages decreased from February to March, 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 4.12 percent for loans closed in late March, down 15 basis points from 4.27 percent in February. &#160;</p><p> <strong>The average interest rate on all mortgage loans</strong> was 4.12 percent, down 13 basis points from 4.25 in February.</p><p> <strong>The average interest rate on conventional, 30-year, fixed-rate </strong> <strong>mortgages of $424,100 or less </strong>was 4.24 percent, down 17 basis points from 4.41 in February.</p><p> <strong>The effective interest rate on all mortgage loans</strong> was 4.25 percent in March, down 13 basis points from 4.38 in February. &#160;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 $312,700 in March, up $11,100 from $301,600 in February.</p><p>FHFA will release April index values Tuesday, May 30, 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 style="text-align&#58;center;"> <img alt="NACMR_4262017.JPG" src="/Media/PublicAffairs/PublishingImages/Pages/Forms/EditForm/NACMR_4262017.JPG" style="margin&#58;5px;" />&#160;</p><p>Technical note&#58; The indices are based on a small monthly survey of mortgage lenders, which may not be representative. 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; March 2017 values are based on 4,672 reported loans from 14 lenders, which include savings associations, mortgage companies, commercial banks, and mutual savings banks.</p>4/27/2017 12:30:54 PMhttps://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index Up 0.8 Percent in February117034/25/2017 4:00:00 AMNews Release<p> <strong>Washington, D.C. </strong>–&#160;U.S. house prices rose in February, up <strong>0.8 percent </strong>from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). &#160;The previously reported lack of change in January was revised upward to a 0.2 percent increase.&#160;&#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 February 2016 to February 2017, house prices were up <strong>6.4 percent.&#160;</strong> </p><p>For the nine census divisions, seasonally adjusted monthly price changes from January 2017 to February 2017 ranged from <strong>-0.1 percent</strong> in the South Atlantic division to <strong>+1.8 percent</strong> in the East South Central division.&#160; The 12-month changes were all positive, ranging from <strong>+4.6 percent</strong> in the Middle Atlantic division to <strong>+9.5 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 May 24, 2017 and will include quarterly data for the first quarter of 2017 and monthly data through March 2017.&#160; </p>4/25/2017 1:00:53 PM705https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Report Details Progress on the 2016 Scorecard for Fannie Mae and Freddie Mac229603/29/2017 4:00:00 AMNews Release<p> <strong>Washington, D.C.</strong> – The Federal Housing Finance Agency (FHFA) issued a Progress Report today summarizing the 2016 activities of Fannie Mae and Freddie Mac (the Enterprises) to further FHFA's three strategic objectives as conservator&#58; Maintain, Reduce, and Build. &#160;&#160;</p><p>The Progress Report details efforts made to address borrower impediments to credit access while transitioning from crisis era policies and programs to those that will help borrowers and communities that are still struggling. &#160;The Report also describes advances made in the Enterprises' credit risk transfer programs and other activities designed to increase the role of private capital in the secondary mortgage market and reduce risk for taxpayers. &#160;The Report also describes the successful implementation of Release 1 of the Common Securitization Platform, a significant milestone toward the ultimate goals of building a new securitization infrastructure and issuance by both Enterprises of a single, common security. &#160;&#160;In addition, the Progress Report documents Fannie Mae's and Freddie Mac's ongoing actions to promote diversity and inclusion in furtherance of the strategic goals of the conservatorships.</p><p>&quot;In collaboration with Fannie Mae and Freddie Mac, FHFA has made significant progress in meeting our conservatorship objectives,&quot; said FHFA Director Melvin L. Watt.&#160; &#160;&quot;This report underscores our commitment to transparency as we continue to foster liquidity and efficiency in the housing finance markets, reduce risk to taxpayers and build a new mortgage securitization infrastructure, all in a safe and sound manner.&quot; </p><p>Interested parties are invited to provide input on this Report. &#160;&#160;Feedback can be submitted <a href="/AboutUs/Contact/Pages/Request-for-Information-Form.aspx"> electronically</a>, or to the Federal Housing Finance Agency, Office of Strategic Initiatives, 400 7th Street, S.W., Washington, D.C. 20219. </p><p><a href="/AboutUs/Reports/Pages/2016-Scorecard-Progress-Report.aspx">Link to Progress Report</a></p>3/29/2017 4:03:20 PM2232https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx