National home values and Home Price Indices have gained more than 6 percent on a year-over-year basis, though one forecast has a smaller gain over the next year.

The Federal Housing Finance Agency reported Thursday that its seasonally adjusted purchase-only HPI was 240.2 in October, up 0.4 percent from the prior month.

FHFA’s index is based on home-sales data collected on residential loans that are purchased or guaranteed by Fannie Mae and Freddie Mac, which it regulates.

Source: Mortgage Daily