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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 4.19% dw 4.23%  
15 Y Fixed Graph 3.18% dw 3.23%  
30 Y Fixed Jumbo Graph 4.54% up 4.50%  
5/1 ARM Graph 3.34% dw 3.45%  
5/1 Jumbo ARM Graph 3.57% dw 3.69%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.28% dw 4.36%  
$50K HELOC Graph 4.03% dw 4.06%  
$30K Loan Graph 5.07% dw 5.08%  
$50K Loan Graph 4.51% -- 4.51%  
$75K Loan Graph 4.51% -- 4.51%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% -- 2.93%  
36 M Used Graph 3.47% -- 3.47%  
48 M New Graph 3.22% up 3.21%  
48 M Used Graph 2.98% -- 2.98%  
60 M New Graph 3.24% up 3.23%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.32% dw 0.34%  
1 yr Graph 0.65% dw 0.66%  
5 yr Graph 1.35% up 1.34%