The Federal National Mortgage Association, commonly known as Fannie Mae, was created by the U.S. congress in 1938, in order to maintain liquidity and stability in the domestic mortgage market. The company is a government-sponsored enterprise (GSE), meaning that while it was a publicly traded company for most of its history, it was still supported by the federal government. While there is no legally binding guarantee of shares in GSEs or their securities, it is generally acknowledged that the U.S. government is highly unlikely to let these enterprises fail. Due to these implicit guarantees, GSEs are able to access financing at a reduced cost of interest. Fannie Mae's main activity is the purchasing of mortgage loans from their originators (banks, mortgage brokers etc.) and packaging them into mortgage-backed securities (MBS) in order to ease the access of U.S. homebuyers to housing credit. The early 2000s U.S. mortgage finance boom During the early 2000s, Fannie Mae was swept up in the U.S. housing boom which eventually led to the financial crisis of 2007-2008. The association's stated goal of increasing access of lower income families to housing finance coalesced with the interests of private mortgage lenders and Wall Street investment banks, who had become heavily reliant on the housing market to drive profits. Private lenders had begun to offer riskier mortgage loans in the early 2000s due to low interest rates in the wake of the "Dot Com" crash and their need to maintain profits through increasing the volume of loans on their books. The securitized products created by these private lenders did not maintain the standards which had traditionally been upheld by GSEs. Due to their market share being eaten into by private firms, however, the GSEs involved in the mortgage markets began to also lower their standards, resulting in a 'race to the bottom'. The fall of Fannie Mae The lowering of lending standards was a key factor in creating the housing bubble, as mortgages were now being offered to borrowers with little or no ability to repay the loans. Combined with fraudulent practices from credit ratings agencies, who rated the junk securities created from these mortgage loans as being of the highest standard, this led directly to the financial panic that erupted on Wall Street beginning in 2007. As the U.S. economy slowed down in 2006, mortgage delinquency rates began to spike. Fannie Mae's losses in the mortgage security market in 2006 and 2007, along with the losses of the related GSE 'Freddie Mac', had caused its share value to plummet, stoking fears that it may collapse. On September 7th 2008, Fannie Mae was taken into government conservatorship along with Freddie Mac, with their stocks being delisted from stock exchanges in 2010. This act was seen as an unprecedented direct intervention into the economy by the U.S. government, and a symbol of how far the U.S. housing market had fallen.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Mortgage Rates: Hot Economic Conjecture Puts the Squeeze on Homebuyers

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

In the United States, interest rates for all mortgage types started to increase in 2021. This was due to the Federal Reserve introducing a series of hikes in the federal funds rate to contain the rising inflation. In the second quarter of 2025, the 30-year fixed rate dropped slightly, to **** percent. The rate remained below the peak of **** percent in the fourth quarter of 2023. Why have U.S. home sales decreased? Cheaper mortgages normally encourage consumers to buy homes, while higher borrowing costs have the opposite effect. As interest rates increased in 2022, the number of existing homes sold plummeted. Soaring house prices over the past 10 years have further affected housing affordability. Between 2014 and 2024, the median price of an existing single-family home risen by about ** percent. On the other hand, the median weekly earnings have risen much slower. Comparing mortgage terms and rates Between 2008 and 2024, the average rate on a 15-year fixed-rate mortgage in the United States stood between **** and **** percent. Over the same period, a 30-year mortgage term averaged a fixed-rate of between **** and **** percent. Rates on 15-year loan terms are lower to encourage a quicker repayment, which helps to improve a homeowner’s equity.

View weekly updates and historical trends for 30 Year Mortgage Rate. from United States. Source: Freddie Mac. Track economic data with YCharts analytics.

Discover the booming US mortgage lending market! This in-depth analysis reveals key trends, growth drivers, and forecasts for 2025-2033, including regional breakdowns and leading players like Bank of America and Chase. Explore market segmentation, CAGR projections, and competitive insights. Recent developments include: August 2023: Spring EQ, a provider of home equity financing solutions, has entered into a definitive agreement to be acquired by an affiliate of Cerberus Capital Management, L.P., a global leader in alternative investing. The main aim of the partnership is to support Spring EQ's mission to deliver offerings and expand its leadership in the home equity financing market., June 2023: VIU by HUB, a digital insurance brokerage platform subsidiary of Hub International Limited, has entered into a new partnership with Unison, a home equity-sharing company. The collaboration will allow homeowners to compare insurance coverage quotes from various carriers and receive expert advice throughout the process.. Key drivers for this market are: Home Renovation Trends are Driving the Market. Potential restraints include: Home Renovation Trends are Driving the Market. Notable trends are: Home Equity Lending Market is Being Stimulated By Rising Home Prices.

The global mortgage loan service market is experiencing robust growth, driven by factors such as increasing urbanization, rising disposable incomes, and favorable government policies promoting homeownership. The market, valued at approximately $2 trillion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This expansion is fueled by a burgeoning demand for both residential and commercial mortgages, particularly in emerging economies with rapidly expanding middle classes. The residential segment currently dominates the market share, accounting for approximately 70%, with individual borrowers representing the largest application segment. However, the commercial estate and enterprise segments are witnessing significant growth, driven by increased corporate investments and infrastructural development. Key players like Rocket Mortgage, United Shore Financial Services, and Quicken Loans are leveraging technological advancements such as online platforms and AI-powered loan processing to enhance efficiency and customer experience, shaping the competitive landscape. The growth trajectory is expected to be influenced by fluctuating interest rates, macroeconomic conditions, and evolving regulatory frameworks. Nevertheless, the long-term outlook remains positive, underpinned by the fundamental drivers mentioned above. Technological advancements, particularly in fintech, are reshaping the mortgage loan service landscape. The rise of digital platforms, streamlined application processes, and enhanced data analytics are significantly improving accessibility and speed of loan approvals. This efficiency boost is leading to increased competition, encouraging lenders to offer more competitive interest rates and flexible repayment options to attract borrowers. Furthermore, the increasing adoption of alternative credit scoring models is broadening access to mortgage loans for previously underserved populations. Regional variations in market growth are expected, with North America and Asia-Pacific representing the largest markets. However, emerging economies in regions like South America and Africa hold significant potential for future growth, given the increasing demand for housing and infrastructural development within these markets. Geographic expansion and strategic partnerships remain key strategies for players aiming for market dominance within this evolving sector.

Mortgage interest rates in the UK were on a downward trend for more than a decade before soaring in 2022. In the first quarter of 2025, the average weighted interest rate stood at **** percent — nearly ***** times the interest rate in the first quarter of 2022. Mortgage rates also vary depending on the type of mortgage: Historically, fixed rate mortgages with a shorter term had on average lower interest rates. What types of mortgages are there? In terms of the type of interest rate, mortgages can be fixed and variable. A fixed interest rate is simply a mortgage where the rate of repayment is fixed, while a variable rate depends on the lender’s underlying variable interest rate. Furthermore, mortgages could be for a house purchase or for refinancing. The vast majority of mortgages in the UK are fixed rate mortgages for house purchase, and only a small share is for remortgaging. How big is the UK mortgage market? The UK has the largest mortgage market in Europe, amounting to over ** billion euros in gross residential mortgage lending as of the fourth quarter of 2024. When comparing the total outstanding residential mortgage lending, the UK also ranks first with about *** trillion euros.

Unlock the potential of the booming mortgage refinancing market! Explore detailed analysis of market size, growth trends, key players (Wells Fargo, Bank of America, Rocket Companies), and regional variations from 2019-2033. Discover valuable insights into fixed-rate, adjustable-rate, and cash-out refinancing options.

The Latin America Home Mortgage Finance Market is segmented by type (Fixed-rate Mortgage, Adjustable-rate Mortgage), by Tenure (Up to 5 Years, 6 - 10 Years, 11 - 24 Years, and 25 - 30 Years), and by Geography (Brazil, Chile, Peru, Colombia, and the Rest of Latin America). The report offers market size and forecasts for Latin America Home Mortgage Finance Market in value (USD Billion) for all the above segments.

Market DataResidential Mortgage Debt Outstanding—Enterprise Share, 1990 – 2010Total mortgages held or securitized by Fannie Mae and Freddie Mac as a Percentage of Residential Mortgage Debt Outstanding, 1990 – 2010. Note: Currently, FHFA does not have any plans to update this dataset through more recent periods.Single-Family Mortgages Originated and Outstanding, 1990 – 2011 Q2Statistics for conventional and government-insured or -guaranteed loans and, within each of those sectors, for fixed-rate and adjustable-rate mortgages. Conventional loans are also divided into jumbo and non-jumbo loans. Note: Currently, FHFA does not have any plans to update this dataset through more recent periods.​ Treasury and Federal Reserve Purchase Programs for GSE and Mortgage-Related Securities Data on activities by the Department of the Treasury and the Federal Reserve System to support mortgage markets through purchases of securities issued by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks and by Ginnie Mae, a federal agency that guarantees securities backed by mortgages insured or guaranteed by the Federal Housing Administration, the Department of Veterans Affairs, and other federal agencies. More details are available on the Treasury and Federal Reserve Purchase Programs for GSE and Mortgage-Related Securities page. ​Note: Currently, FHFA does not have any plans to update this dataset through more recent periods.

In 2024, United Wholesale Mortgage was the company with the largest market share based on the value of mortgage originations for home purchase. The company was responsible for *** percent of the home purchase market in that year, slightly higher than the market share of the second lender in the ranking, PennyMac Financial. The aggregate market share of the top five lenders totaled approximately **** percent. The mortgage market has suffered a decline in new business since 2021, mostly attributed to refinancing loans plummeting due to the higher mortgage interest rates. Nevertheless, the market is forecast to pick up in 2026, as interest rates decline.

The industry is composed of non-depository institutions that conduct primary and secondary market lending. Operators in this industry include government agencies in addition to non-agency issuers of mortgage-related securities. Through 2025, rising per capita disposable income and low levels of unemployment helped fuel the increase in primary and secondary market sales of collateralized debt. Nonetheless, due to the sharp contraction in economic activity at the onset of the period, revenue gains were limited, but climbed in the latter part of the period as the economy has normalized. Interest rates climbed significantly to tackle significant inflationary pressures, which increased borrowing costs, hindering loan volumes but increasing interest income for each loan. However, the Fed cut interest rates in 2024 and is anticipated to cut rates in the latter part of the current year, reducing borrowing costs and providing a boost to loan volumes. Overall, these trends, along with volatility in the real estate market, have caused revenue to slump at a CAGR of 1.3% to $488.9 billion over the past five years, including an expected decline of 0.1% in 2025 alone. The high interest rate environment has hindered real estate loan demand but increased interest income, boosting profit to 15.6% of revenue in the current year. Higher access to credit and higher disposable income have fueled primary market lending over much of the period, increasing the variety and volume of loans to be securitized and sold in secondary markets. An additional boon for institutions has been an increase in interest rates, which raised interest income as the spread between short- and long-term interest rates increased. These macroeconomic factors, combined with changing risk appetite and regulation in the secondary markets, have resurrected collateralized debt trading since the middle of the period. Although institutions are poised to benefit from strong economic growth, inflationary pressures easing and the decline in the 30-year conventional mortgage rate, the rate of homeownership is still expected to fall but at a slower pace compared to the current period. Shaky demand from commercial banking and uncertainty surrounding inflationary pressures will influence institutions' decisions on whether or not to sell mortgage-backed securities and commercial loans to secondary markets. These trends are expected to cause revenue to decline at a CAGR of 1.0% to $465.4 billion over the five years to 2030.

The Brazil Home Loan Market is segmented By Source (Bank and Housing Finance Companies), By Interest Rate (Fixed Rate and Floating Rate), and By Tenure (Up to 5 Years, 6 - 10 Years, 11 - 24 Years, and 25 - 30 Years). The report offers market size and forecasts in value (USD) for all the above segments.

Unlock the potential of your home equity! Explore the booming home equity loan market, projected to reach $41.18 billion by 2033. Learn about market trends, top lenders (Bank of America, Discover Bank, LoanDepot), and regional insights in our comprehensive analysis. Discover how HELOCs and fixed-rate loans are shaping the future of home financing. Recent developments include: In April 2022, Redfin a real estate company based in Seattle (United States) acquired Bay Equity Home Loans with a sum of USD 137.8 Million. The merger accelerates Redfin’s strategy for expanding its business with customers to buy, sell, rent, and finance a home., In July 2022, Ontario Teachers’ Pension Plan Board acquired HomeQ which exists as a parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. HomeEquity Bank exist as a Canadian Bank offering a range of reverse mortgage solutions product and Ontario Teachers' Pension Plan Board is a global investor.. Key drivers for this market are: Increase In Sales of Household Units, Higher Duration of Repayment. Potential restraints include: Increase In Sales of Household Units, Higher Duration of Repayment. Notable trends are: Access to Large Amount of Loan.

The US Home Loan Market Report is Segmented by Loan Purpose (Purchase, Home Improvement/Renovation, Others), Provider (Banks, Housing Finance Companies, Others), Interest Rates (Fixed Interest Rates, Floating Interest Rates), and Loan Tenure (Less Than or Equal To 10 Years, 11 – 20 Years, and Longer Than 20 Years). The Market Forecasts are Provided in Terms of Value (USD).

Mortgage-Backed Securities Market Outlook

According to our latest research, the global mortgage-backed securities (MBS) market size reached USD 11.2 trillion in 2024, driven by robust demand for securitized debt instruments and a thriving real estate sector. The market is projected to expand at a CAGR of 6.1% from 2025 to 2033, with the total market value forecasted to reach USD 19.1 trillion by 2033. This growth trajectory is underpinned by increasing investor appetite for fixed-income assets, ongoing financial innovation, and supportive regulatory frameworks that continue to shape the evolution of the global MBS landscape.

The primary growth factor for the mortgage-backed securities market is the persistent demand for yield in a low-interest-rate environment. Institutional investors, such as pension funds, insurance companies, and mutual funds, are continuously seeking stable, long-term returns to meet their portfolio objectives. MBS offer attractive risk-adjusted yields compared to other fixed-income alternatives, making them a preferred choice for these investors. In addition, the diversification benefits provided by pooling mortgage loans into securities help mitigate individual credit risk, further enhancing their appeal. The market has also witnessed a resurgence in investor confidence, thanks to improved underwriting standards and enhanced transparency following the 2008 financial crisis, which has contributed to sustained growth in the issuance and trading of mortgage-backed securities.

Another significant driver for the MBS market is the increasing sophistication of financial markets and the proliferation of securitization techniques. Financial institutions and government agencies have developed advanced structuring mechanisms, such as tranching and credit enhancement, which allow for the tailoring of MBS products to meet specific investor requirements. This has led to the creation of a wide array of MBS types, including residential MBS (RMBS), commercial MBS (CMBS), and collateralized mortgage obligations (CMOs), catering to diverse risk-return profiles. The integration of technology and data analytics in the origination and servicing of mortgage loans has also streamlined the securitization process, reducing operational costs and improving the accuracy of risk assessment. As a result, issuers can efficiently package and distribute mortgage assets, further fueling market expansion.

Regulatory support and favorable government policies have played a pivotal role in bolstering the MBS market. In major economies such as the United States, government-sponsored enterprises (GSEs) like Fannie Mae, Freddie Mac, and Ginnie Mae have been instrumental in providing liquidity and stability to the housing finance system. These agencies guarantee or directly issue a significant portion of MBS, thereby enhancing investor confidence and lowering funding costs for mortgage originators. Recent regulatory reforms aimed at increasing transparency, standardizing disclosure practices, and strengthening risk retention requirements have further contributed to the resilience and attractiveness of the MBS market. As policymakers continue to prioritize housing affordability and financial market stability, the regulatory landscape is expected to remain supportive of MBS growth in the coming years.

Collateralized Mortgage Obligations (CMOs) have become a significant component of the mortgage-backed securities market, offering unique benefits to both issuers and investors. These structured financial products allow for the creation of multiple tranches with varying risk and return profiles, providing investors with tailored options to meet their specific investment objectives. The flexibility of CMOs in managing interest rate and prepayment risks makes them particularly attractive to institutional investors seeking to optimize their portfolios. As the market continues to evolve, the role of CMOs in providing customized investment solutions is expected to grow, driven by advancements in technology and data analytics that enhance the structuring and risk management processes.

From a regional perspective, North America remains the dominant market for mortgage-backed securities, accounting for the majority of global issuance and trading activity. The well-established securitization infrastructure, deep investor base, and active part

This dataset provides historical stock market performance data for specific companies. It enables users to analyze and understand the past trends and fluctuations in stock prices over time. This information can be utilized for various purposes such as investment analysis, financial research, and market trend forecasting.

Jumbo 30-Year Fixed Mortgage Rates

Zillow Home Value Forecast and Cash Buyer Data

By Zillow Data [source]

About this dataset

This dataset tracks the average jumbo mortgage rate quoted on Zillow Mortgages for a 30-year, fixed-rate, jumbo mortgage in one-hour increments during business hours. It provides insight into changes in the housing market and helps consumers make wiser decisions with their investments. In addition to tracking monthly mortgage rates, our dataset also covers consumer's home types and housing stock, cash buyer data, Zillow Home Value Forecast (ZHVF), negative equity metrics, affordability forecasts for both mortgages and rents as well as historic data including historical ZHVI and household income. With this unique blend of financial and real estate information, users are empowered to make more informed decisions about their investments. The data is updated weekly with the most recent statistics available so that users always have access to up-to-date information

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How to use the dataset

How to Use This Dataset:

• To start exploring this dataset, identify what type of home you are interested in by selecting one of the four categories: “all homes” (Zillow defines all homes as single family, condominiums and coops with a county record); multifamily 5+; duplex/triplex; or condos/coops.
• Understand additional data products that are included such as Zillow Home Value Forecast (ZHVF), Cash Buyers % share, affordability metrics like mortgage affordability or rental affordability and historical ZHVI values along with its median value for particular households or geographies which needs deeper insights into other endogenous variables such detailed information like how many bedrooms a house has etc.

• Choose your geographic region on which you would want to collect more information– regions could include city breakdowns from nationwide level down till specific metropolitan etc . Also use special crosswalks available if needed between federally defined metrics for counties / metro areas combined with Zillow's own ones for greater accuracy when analysing external facors effect on data . To download all datasets at once - click here. .

• Gather more relevant external factors for analysis such as home values forecasts using our published methodology post given url , further to mention TransUnion credit bureau related debt amounts also consider median household incomes vis Bureaus of Labor Cost Indexes ; All these give us greater dimensional insights into market dynamics affecting any particular region finally culminating into deeper research findings when taken together . The reasons behind any fluctions observed can be properly derived as a result .

          Finally make sure that proper attribution is alwys done following mentioned Terms Of Use while downloading since 'All Data Accessed And Downloaded From This Page Is Free For Public Use By Consumers , Media
  

Research Ideas

• Using the Mortgage Rate Data to devise strategies to help persons purchasing jumbo mortgages determine the best time and rates to acquire a loan.
• Analyzing trends in the market by investigating changes in affordability over time by studying rent and mortgage affordability, price-to-income ratios, and historical ZHVIs with cash buyers.
• Comparing different areas of housing markets over diverse geographies using data on all homes, condos/co-ops, multifamily dwellings 5+ units, duplexes/triplexes across various counties or metro areas

Acknowledgements

If you use this dataset in your research, please credit the original authors. Data Source

License

See the dataset description for more information.

Columns

File: MortgageRateJumboFixed.csv | Column name | Description | |:---------------------------|:---------------------------------------------------------------------------------------------------------------| | Date | The date of the mortgage rate. (Date) | | TimePeriod | The time period of the ...

Mortgage-Backed Securities Market Outlook

According to our latest research, the global Mortgage-Backed Securities (MBS) market size reached USD 12.8 trillion in 2024, with a compound annual growth rate (CAGR) of 5.1% from 2025 to 2033. The market is expected to grow steadily, reaching a forecasted value of USD 20.1 trillion by 2033, driven by increasing demand for diversified investment instruments, ongoing government support for housing finance, and the robust expansion of secondary mortgage markets worldwide. This growth reflects a combination of strong investor appetite for fixed-income assets and continued innovation in securitization structures, as per our most recent research findings.

A major growth factor shaping the Mortgage-Backed Securities market is the persistent global demand for yield-generating assets in a low-interest-rate environment. Institutional investors, such as pension funds and insurance companies, are increasingly allocating capital to MBS products to secure stable, long-term returns. This trend is further amplified by the relative stability of mortgage payments compared to other forms of debt, making MBS an attractive asset class for risk-averse investors. Additionally, the standardization and transparency of MBS structures have improved significantly over the past decade, restoring investor confidence and facilitating greater market participation. The integration of advanced analytics and risk management tools has also played a crucial role in enhancing the assessment of underlying mortgage pools, thereby reducing perceived risk and encouraging further investment.

Technological advancements and regulatory reforms have also been pivotal in accelerating the growth of the Mortgage-Backed Securities market. The adoption of blockchain, artificial intelligence, and big data analytics in the securitization process has led to improved efficiency, transparency, and accuracy in the origination and servicing of mortgage loans. These innovations have enabled market participants to better manage credit risk, streamline due diligence, and enhance the overall liquidity of MBS instruments. Furthermore, post-2008 regulatory measures, such as the implementation of Basel III and Dodd-Frank Act provisions, have strengthened the resilience of the MBS ecosystem by introducing stricter capital requirements and greater transparency. These measures have not only mitigated systemic risks but also attracted a broader spectrum of investors, including those previously wary of mortgage-backed instruments.

Global macroeconomic trends, including urbanization, rising homeownership rates, and expanding real estate markets, are fueling the underlying mortgage origination volumes that support the MBS market. Emerging economies, particularly in Asia Pacific and Latin America, are witnessing rapid growth in residential and commercial property markets, creating new opportunities for the securitization of mortgage assets. In developed markets such as North America and Europe, the ongoing evolution of housing finance systems and increased government intervention through agencies like Fannie Mae, Freddie Mac, and the European Central Bank have provided further impetus to MBS issuance. This sustained growth in mortgage origination and securitization activity is expected to underpin the long-term expansion of the global MBS market.

Regionally, North America continues to dominate the Mortgage-Backed Securities market, accounting for the largest share due to its mature housing finance infrastructure and the presence of prominent government-sponsored enterprises. However, Europe and Asia Pacific are rapidly gaining traction, propelled by regulatory harmonization, financial innovation, and the increasing involvement of private institutions. In Latin America and the Middle East & Africa, the market is at a nascent stage but is projected to grow at a faster pace over the coming years, supported by financial sector reforms and rising demand for alternative investment products. This regional diversification is expected to further enhance the stability and resilience of the global MBS market.

Security Type Analysis

The Mortgage-Backed Securities market is segmented by security type into Residential MBS, Commercial MBS, Collateralized Mortgage Obligations (CMOs), and Others. Among these, Residential Mortgage-Backed Securities (RMBS) represent the largest segment, driven by the sheer volume of residential

An index that can be used to gauge broad financial conditions and assess how these conditions are related to future economic growth. The index is broadly consistent with how the FRB/US model generally relates key financial variables to economic activity. The index aggregates changes in seven financial variables: the federal funds rate, the 10-year Treasury yield, the 30-year fixed mortgage rate, the triple-B corporate bond yield, the Dow Jones total stock market index, the Zillow house price index, and the nominal broad dollar index using weights implied by the FRB/US model and other models in use at the Federal Reserve Board. These models relate households' spending and businesses' investment decisions to changes in short- and long-term interest rates, house and equity prices, and the exchange value of the dollar, among other factors. These financial variables are weighted using impulse response coefficients (dynamic multipliers) that quantify the cumulative effects of unanticipated permanent changes in each financial variable on real gross domestic product (GDP) growth over the subsequent year. The resulting index is named Financial Conditions Impulse on Growth (FCI-G). One appealing feature of the FCI-G is that its movements can be used to measure whether financial conditions have tightened or loosened, to summarize how changes in financial conditions are associated with real GDP growth over the following year, or both.