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Share sensitive information only on official, secure websites. *[](https://www.fhfa.gov/ "FHFA logo") [U.S. FEDERAL HOUSING](https://www.fhfa.gov/ "U.S. Federal Housing")*  - About About FHFA - [Mission & Core Values](https://www.fhfa.gov/about) - [Leadership](https://www.fhfa.gov/about/leadership/william-j-pulte) - [Conservatorship](https://www.fhfa.gov/conservatorship) - [FHFA Policies](https://www.fhfa.gov/about/fhfa-policies) - [Budget, Finances, and Performance](https://www.fhfa.gov/about/budget-finances-and-performance) - [FOIA & Privacy](https://www.fhfa.gov/about/foia-privacy) - [Information Quality](https://www.fhfa.gov/about/information-quality) - [Do Business with Us](https://www.fhfa.gov/about/do-business-with-us) - [Ombudsman](https://www.fhfa.gov/about/ombudsman) - [Equal Employment Opportunity](https://www.fhfa.gov/about/fhfa-policies/equal-employment-opportunity-no-fear-act) - [Careers](https://www.fhfa.gov/about/careers) - [Contact Us](https://www.fhfa.gov/contact) Supervision & Regulation - 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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. [Read More](https://www.fhfa.gov/about "​FHFA AT-A-GLANCE") ## Latest News - ## News Release  March 31, 2026 U.S. house prices rose 0.1 percent in January, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 1.6 percent from January 2025 to January 2026. The previously reported 0.1 percent price change in December was revised upward to 0.3 percent. [Read More](https://www.fhfa.gov/news/news-release/fhfa-house-price-index-up-0.1-percent-in-january-up-1.6-percent-from-last-year) - ## News Release  March 18, 2026 American homebuyers are about to get a break. New rules for Fannie Mae and Freddie Mac mortgages will help to lower home insurance bills for millions of families, especially in rural areas and condo buildings. The changes fix expensive, stupid Biden-era requirements with simple, common-sense updates that respond to today’s skyrocketing insurance prices. “Thanks to President Trump’s landslide victory, we are replacing a disruptive and expensive Biden insurance mandate with commonsense policies for today’s market,” said FHFA Director William J. Pulte. [Read More](https://www.fhfa.gov/news/news-release/fannie-mae-and-freddie-mac-remove-certain-homeowners-insurance-requirements-that-will-reduce-costs) - ## News Release  February 24, 2026 U.S. house prices rose 1.8 percent between the fourth quarter of 2024 and the fourth quarter of 2025, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the fourth quarter of 2025 rose 0.8 percent compared to the third quarter of 2025. FHFA’s seasonally adjusted monthly index for December rose 0.1 percent from November. [Read More](https://www.fhfa.gov/news/news-release/u.s.-house-prices-rise-1.8-percent-year-over-year-up-0.8-percent-quarter-over-quarter) [View More](https://www.fhfa.gov/news) ## Spotlight Topic -  ### ​Suspended Counterparty FHFA established the Suspended Counterparty Program to help address the risk to Fannie Mae, Freddie Mac, and the Federal Home Loan Banks presented by individuals and entities with a history of fraud or other financial misconduct. [View ​Suspended Counterparty Program List](https://www.fhfa.gov/regulation/suspended-counterparty-program) - ### FHFA House Price Index® The FHFA House Price Index® (FHFA HPI®) is a comprehensive​ collection of publicly available house price indexes that measure changes in single-family home values based on data from all 50 states and over 400 American cities. [View the latest report](https://www.fhfa.gov/reports/house-price-index/2026/3) ## Housing Market Indicators ## MIRS Transition Index | MIRS Transition Index Release Dates | Index Values | |---|---| | March 2026 | 6\.15 | | February 2026 | 6\.21 | | January 2026 | 6\.23 | [MIRS transition index](https://www.fhfa.gov/data/mirs "Update on the Discontinuation of FHFA's Monthly Interest Rate Survey (MIRS)") 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](https://www.fhfa.gov/data/mirs "Update on the Discontinuation of FHFA's Monthly Interest Rate Survey (MIRS)"). ## House Prices | FHFA HPI-Source | Quarterly Change 2025Q3-2025Q4 | Four Quarter Change 2024Q4-2025Q4 | |---|---|---| | "Purchase-Only" U.S. Index (Seasonally Adjusted) | 0\.8% | 1\.8% | | "Expanded-Data" U.S. Index (Seasonally Adjusted) | 0\.7% | 2\.8% | *[](https://www.fhfa.gov/ "FHFA logo") [U.S. FEDERAL HOUSING](https://www.fhfa.gov/ "U.S. Federal Housing")* ## Footer Highlighted - [About](https://www.fhfa.gov/about) - [Careers](https://www.fhfa.gov/about/careers) - [Sitemap](https://www.fhfa.gov/sitemap) - [Contact Us](https://www.fhfa.gov/contact) *** - [](https://www.facebook.com/FHFA) - [](https://www.x.com/FHFA) - [](https://www.youtube.com/channel/UCoKP7Om6nsRkEav9yInFekw) - [](https://www.linkedin.com/company/fhfa/) ## Footer - [Accessibility](https://www.fhfa.gov/about/fhfa-policies/accessibility) - [Budget, Finances, and Performance​](https://www.fhfa.gov/about/budget-finances-and-performance) - [FOIA](https://www.fhfa.gov/about/foia-privacy) - [No FEAR Act Data](https://www.fhfa.gov/about/fhfa-policies/equal-employment-opportunity-no-fear-act) - [Office of the Inspector General](https://www.fhfaoig.gov/) - [Privacy Policy](https://www.fhfa.gov/about/fhfa-policies/website-privacy-policy) - [USA.gov](https://www.usa.gov/) Back to top

## Latest News - ## News Release March 31, 2026 U.S. house prices rose 0.1 percent in January, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 1.6 percent from January 2025 to January 2026. The previously reported 0.1 percent price change in December was revised upward to 0.3 percent. - ## News Release March 18, 2026 American homebuyers are about to get a break. New rules for Fannie Mae and Freddie Mac mortgages will help to lower home insurance bills for millions of families, especially in rural areas and condo buildings. The changes fix expensive, stupid Biden-era requirements with simple, common-sense updates that respond to today’s skyrocketing insurance prices. “Thanks to President Trump’s landslide victory, we are replacing a disruptive and expensive Biden insurance mandate with commonsense policies for today’s market,” said FHFA Director William J. Pulte. - ## News Release February 24, 2026 U.S. house prices rose 1.8 percent between the fourth quarter of 2024 and the fourth quarter of 2025, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the fourth quarter of 2025 rose 0.8 percent compared to the third quarter of 2025. FHFA’s seasonally adjusted monthly index for December rose 0.1 percent from November. Spotlight Topic - ### ​Suspended Counterparty FHFA established the Suspended Counterparty Program to help address the risk to Fannie Mae, Freddie Mac, and the Federal Home Loan Banks presented by individuals and entities with a history of fraud or other financial misconduct. - ### FHFA House Price Index® The FHFA House Price Index® (FHFA HPI®) is a comprehensive​ collection of publicly available house price indexes that measure changes in single-family home values based on data from all 50 states and over 400 American cities. Housing Market Indicators ## MIRS Transition Index | MIRS Transition Index Release Dates | Index Values | |---|---| | March 2026 | 6\.15 | | February 2026 | 6\.21 | | January 2026 | 6\.23 | [MIRS transition index](https://www.fhfa.gov/data/mirs "Update on the Discontinuation of FHFA's Monthly Interest Rate Survey (MIRS)") 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](https://www.fhfa.gov/data/mirs "Update on the Discontinuation of FHFA's Monthly Interest Rate Survey (MIRS)"). ## House Prices | FHFA HPI-Source | Quarterly Change 2025Q3-2025Q4 | Four Quarter Change 2024Q4-2025Q4 | |---|---|---| | "Purchase-Only" U.S. Index (Seasonally Adjusted) | 0\.8% | 1\.8% | | "Expanded-Data" U.S. Index (Seasonally Adjusted) | 0\.7% | 2\.8% |