OFHEO's mission is to promote housing and a strong national housing finance system by ensuring the safety and soundness of Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation).

The OFHEO has placed a series of intersting Excel and Java housing calculators on their web site:

1. XLS CALCULATOR
2. JAVA CALCULATOR
3. OFHEO CALCULATOR USING HYPERION FREEVIEW/BRIO and ADOBE READER
4. VIEW YOUR MSA OR STATE'S APPRECIATION HISTORY IN A GRAPH

The OFHEO cautions users of the House Price Calculator:

Please remember that the current estimated value is determined based on average house price growth for selected geographic areas. Actual value will depend on the local real estate market, house condition, age, and many other factors. Consult a qualified real estate appraiser in your area. Title XI of FIRREA requires that any appraisal used in connection with a federally related transaction must be performed by a competent individual whose professional conduct is subject to supervision and regulation. Appraisers must be licensed or certified according to state law.