Home Price Index

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Conforming Home Prices Off 5.9 Percent: FHFA 

Oct 23, 2008By

The good news? If you hold a conforming mortgage, the relative loss of equity compared to that befalling other, less fortunate souls in the U.S. housing market has been far less painful. According to the Federal Housing Finance Agency’s price index, which tracks purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae [stock FNM][/stock] or Freddie Mac [stock FRE][/stock], home prices were off 5.9 percent from year-ago levels during August.

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