Average US rate on 30-year home loan at 4.23%

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WASHINGTON — Average fixed-mortgage rates fell this week as the latest data continued to indicate a pause in the housing market’s recovery.

Freddie Mac said the average for the 30-year loan fell to 4.23 percent, from 4.32 percent last week. For the 15-year loan, it declined to 3.33 percent, from 3.40 percent.

Mortgage rates have risen about a full percentage point since hitting record lows roughly a year ago.

Data released Tuesday by CoreLogic show that home prices slipped from November to December, and the year-over-year increase slowed, probably a result of weaker sales at the end of last year.

The December decline was the third straight month-to-month drop. Home prices had risen for eight straight months through September.

For 2013, prices rose 11 percent.

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