Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans.

The rate rose to 6.72% from 6.6% last week, mortgage buyer Freddie Mac said Thursday. The rate is now higher than it was a year ago, when it averaged 6.67%.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also rose this week. The average rate increased to 5.92% from 5.84% last week. A year ago, it averaged 5.95%, Freddie Mac said.

The average rate on a 30-year mortgage is now the highest it's been since Nov. 27, when it was at 6.81%.