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- The PHSI rose 3.5 percent to 109.1 in February.
- This is 0.7 percent above February 2015.
- This was the smallest annual gain in 18 months.
- Home prices were up 0.1 percent month-over-month in January 2016.
- Prices were up 5.3 percent year-over-year.
- The current home price index value is $253,000.
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- Lenders reported that purchase demand decreased significantly during the past three months.
- Refinance mortgage demand was expected to increase significantly in the next quarter.
- On net, lenders reported tightening of credit standards for government loans for the first time since Q3 2014.
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