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FHFA Home Price Index Continues to Rise
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You're Now Reading:
FHFA Home Price Index Continues to Rise
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
FHFA Home Price Index Continues to Rise
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Mortgage Rates

Prices of homes that were either sold or guaranteed by Freddie Mac or Fannie Mae increased for the 16th consecutive month according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index (HPI).

May’s home prices increased by 0.7 percent from the previous month and were 7.3 percent higher than they were the previous year but were still 11.2 percent below their peak in May 2007. Home prices are at roughly the same levels last seen in January of 2005.

FHFA gathers its data by calculating purchase prices of houses backed by mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. The data is then broken down into nine geographic Census Divisions.

For the second consecutive month, six of the nine Census Divisions posted monthly price gains with the South Atlantic Division reporting the most improvement, increasing 1.8 percent, followed by both the Middle Atlantic and West South Central Divisions with identical 0.9 percent gains

The East South Central Division posted the largest drop in home values, falling 1.5 percent between April and May while the Mountain Division recorded the only other decline of 0.1 percent. The West North Central Division remained unchanged from the previous month.

All nine of the Divisions registered year-over-year price gains with the Pacific Division posting the largest yearly increase of 15.8 percent followed by the Mountain Division with a 12.7 percent annual gain. The East south Central Division posted the smallest annual gain of 2.7 percent.

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

West South Central: Oklahoma, Arkansas, Texas, Louisiana

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

East South Central: Kentucky, Tennessee, Mississippi, Alabama

New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

FHFA HPI May 13

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

Reported by Shirley Allen

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

Prices of homes that were either sold or guaranteed by Freddie Mac or Fannie Mae increased for the 16th consecutive month according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index (HPI).

May’s home prices increased by 0.7 percent from the previous month and were 7.3 percent higher than they were the previous year but were still 11.2 percent below their peak in May 2007. Home prices are at roughly the same levels last seen in January of 2005.

FHFA gathers its data by calculating purchase prices of houses backed by mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. The data is then broken down into nine geographic Census Divisions.

For the second consecutive month, six of the nine Census Divisions posted monthly price gains with the South Atlantic Division reporting the most improvement, increasing 1.8 percent, followed by both the Middle Atlantic and West South Central Divisions with identical 0.9 percent gains

The East South Central Division posted the largest drop in home values, falling 1.5 percent between April and May while the Mountain Division recorded the only other decline of 0.1 percent. The West North Central Division remained unchanged from the previous month.

All nine of the Divisions registered year-over-year price gains with the Pacific Division posting the largest yearly increase of 15.8 percent followed by the Mountain Division with a 12.7 percent annual gain. The East south Central Division posted the smallest annual gain of 2.7 percent.

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

West South Central: Oklahoma, Arkansas, Texas, Louisiana

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

East South Central: Kentucky, Tennessee, Mississippi, Alabama

New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

FHFA HPI May 13

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

Reported by Shirley Allen

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

Prices of homes that were either sold or guaranteed by Freddie Mac or Fannie Mae increased for the 16th consecutive month according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index (HPI).

May’s home prices increased by 0.7 percent from the previous month and were 7.3 percent higher than they were the previous year but were still 11.2 percent below their peak in May 2007. Home prices are at roughly the same levels last seen in January of 2005.

FHFA gathers its data by calculating purchase prices of houses backed by mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. The data is then broken down into nine geographic Census Divisions.

For the second consecutive month, six of the nine Census Divisions posted monthly price gains with the South Atlantic Division reporting the most improvement, increasing 1.8 percent, followed by both the Middle Atlantic and West South Central Divisions with identical 0.9 percent gains

The East South Central Division posted the largest drop in home values, falling 1.5 percent between April and May while the Mountain Division recorded the only other decline of 0.1 percent. The West North Central Division remained unchanged from the previous month.

All nine of the Divisions registered year-over-year price gains with the Pacific Division posting the largest yearly increase of 15.8 percent followed by the Mountain Division with a 12.7 percent annual gain. The East south Central Division posted the smallest annual gain of 2.7 percent.

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

West South Central: Oklahoma, Arkansas, Texas, Louisiana

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

East South Central: Kentucky, Tennessee, Mississippi, Alabama

New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

FHFA HPI May 13

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

Reported by Shirley Allen

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.