By ALEX VEIGA, AP Business Writer

The average rate on a 30-year U.S. mortgage ended a three-week streak of increases, reflecting a pullback in long-term U.S. Treasury bond yields.

Related Articles

New limits for a rent algorithm that prosecutors say let landlords drive up prices

California renters can save $3,331 monthly vs. owning, by this math

Sony Electronics sells Rancho Bernardo headquarters for $67.4M

US homes sales rose in October as homebuyers seized on declining mortgage rates

Home values drop in three-quarters of Southern California

The average long-term mortgage rate fell to 6.23% from 6.26% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate averaged 6.81%.

Just four weeks ago, the average rate was at 6.17%, its lowest level in more than a year.

See Full Page