FHFA: Home Prices Rose in Q1

Home prices rose 1.4 percent in the first quarter of 2017, according to the Federal Housing Finance Agency’s (FHFA) House Price Index (HPI). The HPI year-over-year— based on prices for homes with Fannie Mae- and Freddie Mac-backed mortgages— was up 6.0 percent.“The steep, multi-year rise in U.S. home prices continued in the first quarter,” said Andrew Leventis, deputy chief economist for the FHFA, in a statement. “Mortgage rates during the quarter remained sli