A corrected version of the story is below:
US mortgage rates fell this week, supporting greater home sales
Rates have fallen sharply in the past year. The National Association of Realtors said Thursday that home sales in October rose 4.6% from a year ago. The construction of new homes and apartments jumped nearly 4% in October.
The 30-year rate has dropped from 4.81% last year, while the 15-year rate was nearly 4.25% a year ago.
Freddie Mac surveys lenders across the country between Monday and Wednesday each week to compile its mortgage rate figures.