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FHFA House Price Index 2024Q1

U.S. House Prices Rise 6.6 Percent over the Last Year Up 1.1 Percent from the Fourth Quarter of 2023

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About FHFA

The Federal Housing Finance Agency (FHFA) is an independent agency established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the effective supervision, regulation, and housing mission oversight of the End of
Translation Click to Translate text after this point Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank System, which includes the 11 Federal Home Loan Banks (FHLBanks) and the Office of Finance (OF). The Agency's mission is to ensure that Fannie Mae and Freddie Mac (the Enterprises) and the FHLBanks (together, "the regulated entities") fulfill their mission by operating in a safe and sound manner to serve as a reliable source of liquidity and funding for housing finance and community investment. Since 2008, FHFA has also served as conservator of Fannie Mae and Freddie Mac.

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Latest News

  • News Release

    FHFA Seeks Public Input on Fannie Mae's and Freddie Mac's Proposed Duty to Serve Underserved Markets Plans for 2025-2027
    June 11, 2024

    Washington, D.C. – The Federal Housing Finance Agency (FHFA) today issued a request for input (RFI) on the proposed 2025-2027 Underserved Markets Plans (Plans) submitted by Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027.

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  • News Release

    FHFA Announces Enhancements to Flex Modification for Borrowers Facing Financial Hardship
    May 29, 2024

    Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will enhance their Flex Modification policies to allow more borrowers facing longer-term hardships to achieve meaningful payment reductions. The updated Flex Modification policies will promote sustainable homeownership and the safety and soundness of the Enterprises.

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  • News Release

    U.S. House Prices Rise 6.6 Percent over the Last Year; Up 1.1 Percent from the Fourth Quarter of 2023
    May 28, 2024

    ​​​​Washington, D.C. – U.S. house prices rose 6.6 percent between the first quarter of 2023 and the first quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 1.1 percent compared to the fourth quarter of 2023. FHFA’s seasonally adjusted monthly index for March was up 0.1 percent from February.

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Spotlight Topics

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    ​Suspended Counterparty

    FHFA established the Suspended Counterparty Program (SCP) to help address the risk to Fannie Mae, Freddie Mac, and...

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  • Rulemaking and Federal Register

    Rulemaking is the process we use to create regulations. It is designed to ensure the public is informed of proposed rules, has the opportunity to comment on them, and have access to the rulemaking record.

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Housing Market Indicators

MIRS Transition Index

MIRS Transition Index Release Dates Index Values
May 2024 6.73
April 2024 6.63
March 2024 6.65

MIRS transition index is intended to be used in lieu of the discontinued MIRS ARM Index for currently outstanding loans, and not as a reference rate on newly-originated adjustable-rate mortgages. For further information, click here.

House Prices

FHFA HPI-Source Quarterly Change 2023Q4-2024Q1 Four Quarter Change 2023Q1-2024Q1
"Purchase-Only" U.S. Index (Seasonally Adjusted) 1.1% 6.6%
"Expanded-Data" U.S. Index (Seasonally Adjusted) 1.5% 6.6%

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