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US home prices post healthy gain in December due to rising sales, dwindling supply

U.S. home prices rose at a healthy pace in December compared with a year ago, driven higher by rising sales and a smaller supply of available homes.

The Standard & Poor's/Case-Shiller 20-city home price index rose 6.8 percent in December compared with the same month a year ago. That's up from a 5.5 percent annual gain in November.

Nationwide, the report says prices rose 7.3 percent in 2012. That is similar to other home price measures that show a healthy gain last year.

Prices also rose in December compared with a year ago in 19 of the 20 cities tracked by the index. New York was the only metro area to show a decrease.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.84% up 3.80%  
15 Y Fixed Graph 3.06% up 3.03%  
30 Y Fixed Jumbo Graph 4.10% dw 4.15%  
5/1 ARM Graph 3.14% dw 3.15%  
5/1 Jumbo ARM Graph 3.18% dw 3.27%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.60% -- 4.60%  
$50K HELOC Graph 4.09% dw 4.11%  
$30K Loan Graph 4.91% dw 4.92%  
$50K Loan Graph 4.34% -- 4.34%  
$75K Loan Graph 4.36% -- 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.73% dw 2.75%  
36 M Used Graph 3.21% dw 3.23%  
48 M New Graph 2.97% dw 3.02%  
48 M Used Graph 2.76% dw 2.87%  
60 M New Graph 3.11% -- 3.11%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% -- 0.38%  
1 yr Graph 0.70% -- 0.71%  
5 yr Graph 1.48% -- 1.48%