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Conventional Mortgage Home Price

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Home Prices Register 10.4 Percent Annualized Drop in Q1: Freddie Mac HW+

May 30, 2008By

National home prices posted a record drop in the first quarter, according to mortgage finance giant Freddie Mac [stock FRE][/stock], which said late Thursday that its index of conventional mortgage purchases — the Conventional Mortgage Home Price Index, or CMHPI — registered an annualized 10.4 percent drop in the first quarter of 2008.

3d rendering of a row of luxury townhouses along a street

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