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Today, the Federal Housing Finance Agency (FHFA) released the latest results of its monthly house price index (HPI). It showed that in February, nationally, home prices increased 0.75% from January and rose 7.07% above the level seen in February 2012.

The FHFA monthly HPI data are formulated from home purchase information collected from mortgages that have been sold to or guaranteed by Fannie Mae and Freddie Mac.