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Home prices rise in February

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(Read caption) This chart showsThe FHFA's monthly house price index over the past decade. Prices have surged over the past three years.

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Today, the Federal Housing Finance Agency (FHFA) released the latest results of their monthly house price index (HPI) showing that in February, nationally, home prices increased 0.63% from January rising 6.88% above the level seen in February 2013.

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

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