By Jann Swanson | Mortgage News Daily
Home prices continued their nearly unabated upward trend in November according to data released on Wednesday by the Federal Housing Finance Agency (FHFA). FHFA’s Housing Price Index (HPI), based on the values of purchase mortgages sold to or guaranteed by Freddie Mac and Fannie Mae (the GSEs) rose 0.5 percent in November on a seasonally adjusted basis from the October level. October’s index, which originally posted a 0.4 percent gain, was revised down to 0.3 percent.
