FHFA: House prices dip 0.6% in 2Q 

House prices dropped 0.6% in the second quarter and remain 5.9% below levels measured one year ago, according to the Federal Housing Finance Agency index. The quarterly drop comes as prices increased 0.9% in June from the month before. The FHFA calculates pricing on home purchases and refinancing through Fannie Mae and Freddie Mac. In June, the index was 18.8% below the peak in April 2007.