As investors sought more Treasury notes amid growing tension in the Middle East, the average rate on the 30-year loan slipped to 4.95 percent from 5 percent.
The average rate on the 30-year loan hit a 40-year low in November 2010 at 4.17 percent.
Falling from 4.27 percent, the average rate on the 15-year fixed home loan dropped to 4.22 percent. November 2010 also marked the lowest level for a 15-year fixed home loan which reached 3.57 percent which was the lowest level on records since 1991.