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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 3.85% up 3.81%  
15 Y Fixed Graph 2.97% up 2.91%  
30 Y Fixed Jumbo Graph 4.28% up 4.27%  
5/1 ARM Graph 3.38% up 3.09%  
5/1 Jumbo ARM Graph 3.66% up 3.55%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.75% dw 4.77%  
$50K HELOC Graph 4.04% -- 4.04%  
$30K Loan Graph 4.99% dw 5.00%  
$50K Loan Graph 4.35% -- 4.35%  
$75K Loan Graph 4.35% -- 4.35%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.65% up 2.63%  
36 M Used Graph 3.17% up 3.14%  
48 M New Graph 2.93% up 2.91%  
48 M Used Graph 2.79% -- 2.79%  
60 M New Graph 3.04% up 3.03%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.41% up 0.40%  
1 yr Graph 0.71% dw 0.72%  
5 yr Graph 1.45% -- 1.45%