FHFA: Q2 House Prices Up 1.6 Percent – NMP Skip to main content

FHFA: Q2 House Prices Up 1.6 Percent

Aug 22, 2017
Average mortgage rates hit their highest level since July, according to data from Freddie Mac

U.S. house prices were up by 1.6 percent during the second quarter, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). On a year-over-year basis, house prices rose 6.6 percent from the second quarter of 2016. FHFA's seasonally adjusted monthly index for June was up 0.1 percent from May. 
 
The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. FHFA has produced a video of highlights for this quarter. 
 
"U.S. house prices rose in most states during the second quarter," said FHFA Senior Economist William Doerner.  "New home sales are climbing but, relative to the overall population, they still remain low from a historical perspective. The tight inventory is a major explanation for why house prices have been increasing every quarter over the last six years."
 
During the second quarter, home prices increased in 48 states and the District of Columbia on a year-over-year basis, with the greatest annual appreciation occurring in Washington (12.4 percent), Colorado (10.4 percent) and Idaho (10.3 percent). Among the major metro areas, Washington’s Seattle-Bellevue-Everett experienced the greatest annual prices increase with a 15.7 percent upward jolt, while Connecticut’s New Haven-Milford had the most anemic increase at a scant 0.1 percent.

 
About the author
Published
Aug 22, 2017
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026