FHFA Home Price Index Up 0.7% In February, 5.4% In Past Year

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U.S. home prices climbed 0.7% on a seasonally adjusted basis in February, putting the increase over the past 12 months at 5.4%, the Federal Housing Finance Agency said Tuesday. The yearly rise in prices was up slightly from January. The FHFA monthly index is calculated using the purchase prices of houses tied to mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac.

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