US home prices rise 4.2% annually in August to record high

Yahoo Finance Video
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US home prices climbed to record highs in August, according to the S&P CoreLogic Case-Shiller National Home Price Index, rising 0.3% month-over-month and 4.2% annually.

Yahoo Finance senior housing reporter Dani Romero details the latest home price print as mortgage rates have ticked up for four consecutive weeks, the 30-year fixed rate mortgage now sitting above 6.5%.

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This post was written by Luke Carberry Mogan.