According to Freddie Mac, the 30-year rate fell to 3.09% from 3.14% for the week ending November 4. That’s still up from 2.78% a year ago.
Freddie Mac’s chief economist, Sam Khater, said in a statement, “While mortgage rates fell after several weeks on the rise, we expect future upticks due to stronger economic data and as the Federal Reserve pulls back on its stimulus.”