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U.S. home prices rise year-over-year in line with forecast

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U.S. single-family home price increases accelerated modestly in October, in line with expectations, but rising mortgage rates in recent weeks could pose a risk for the sustainability of the gains, a survey showed on Tuesday. "Home prices and the economy are both enjoying robust numbers," said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. "However, mortgage interest rates rose in November and… Read entire story.

Source: Personal Finance News Headlines – Yahoo! News

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