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Frank Nothaft

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Price Decline Decelerates in Q2: Freddie Mac 

Sep 01, 2009By

Another indication that the decline in home prices is decelerating came out Tuesday, as the Freddie Mac [stock FRE][/stock] quarterly Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series increased 1.7% from Q209 to Q109. For the past 12 months ending in Q209, the index decreased 6.7%, better than the decrease of 8.5% between Q108 and Q109. The index is gleaned from housing price data from purchases mortgages, but not refinance mortgages.