Print Page  |  Close Window

SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 11/02/2018
Entire Document
 
 
MD&A | Key Market Economic Indicators


Key Market Economic Indicators
The table below displays certain macroeconomic indicators that can significantly influence our business and financial results. We expect home prices on a national basis to continue to grow in 2018 at a similar rate as in 2017. We also expect significant regional variation in the timing and rate of home price growth.
Selected Key Market Economic Indicators
 
 
 
 
 
For the Three Months
 
For the Nine Months
 
Ended September 30,
Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
Home price change based on Fannie Mae national home price index(1)
1.2
%
 
1.2
%
 
5.7
%
 
5.4
%
 
Growth in U.S. gross domestic product ("GDP"), annualized percentage change(2)
3.5
%
 
2.8
%
 
 
As of
 
September 30, 2018
 
December 31, 2017
 
September 30, 2017
U.S. unemployment rate(3)
3.7
%
 
4.1
%
 
4.2
%
2-year swap rate(4)
2.99

 
2.08

 
1.74

10-year swap rate(4)
3.12

 
2.40

 
2.29

10-year Treasury rate(4)
3.06

 
2.41

 
2.33

30-year Fannie Mae MBS par coupon rate(4)
3.81

 
3.00

 
2.97

_______
(1) 
Calculated internally using property data information on loans purchased by Fannie Mae or Freddie Mac and property data information obtained from other third-party data providers. Fannie Mae’s home price index is a weighted repeat transactions index, measuring average price changes in repeat transactions on the same properties. Fannie Mae’s home price index excludes prices on properties sold in foreclosure. Fannie Mae’s home price estimates are based on preliminary data and are subject to change as additional data becomes available.
(2) 
According to the U.S. Bureau of Economic Analysis and subject to revision.
(3) 
According to the U.S. Bureau of Labor Statistics and subject to revision.
(4) 
According to Bloomberg.
See “Key Market Economic Indicators” in our 2017 Form 10-K for a description of how changes in GDP, unemployment rates, home prices and interest rates can affect our financial results.



Fannie Mae Third Quarter 2018 Form 10-Q
6