After rising for three straight weeks, U.S. mortgage rates have reversed course, according to Freddie Mac.
The 30-year fixed mortgage averaged 3.69 percent for the week ending Nov. 7 — a decline from 3.78 percent last week. A year ago, mortgage rates stood at 4.94 percent.
Low mortgage rates help propel U.S. home sales and the refinance market.
“After a year-long slide, mortgage rates hit a cycle low in September 2019 and have risen in six out of the last nine weeks due to modestly better…
