Jefferson City, MO Federal Housing Finance Agency Home Price Index (FHFA HPI)

As of September 2020, the Jefferson City, MO, Federal Housing Finance Agency (FHFA) house price index was 154.9. This is a 0.4% increase from the August 2020 index of 154.4. The September 2020 index is also 1.2% higher than the September 2019 index of 152.7.

The FHFA house price index is a measure of home prices in the United States that is published monthly by the Federal Housing Finance Agency (FHFA). The FHFA house price index is based on home sales price data from Fannie Mae and Freddie Mac, which are government-sponsored enterprises that purchase mortgages from lenders and securitize them into mortgage-backed securities.

The Jefferson City, MO, metropolitan statistical area includes Cole County and Callaway County. As of September 2020, the median sale price of a home in the Jefferson City metro area was $172,500, which is a 4.1% increase from the August 2020 median sale price of $165,000 and a 5.8% increase from the September 2019 median sale price of $163,000.

The average 30-year fixed mortgage rate was 3.03% as of October 8, 2020, down from 3.05% one week earlier and down from 3.93% one year earlier (Freddie Mac). The 15-year fixed mortgage rate averaged 2.56%, down from 2.58% one week earlier and down from 3.15% one year earlier (Freddie Mac). Mortgage rates have remained at historically low levels due to actions taken by the Federal Reserve to support the economy during the COVID-19 pandemic recessionary period