The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts. Today’s report showed that home prices rose 0.2% in June and 4.8% year over year. This was a slight decline from the previous report, which was reported at 5.2%. Remember that this appreciation report is for June, which is before the recent move lower we have seen in rates, so this figure may start to improve.