(24/7 News)  --  Mortgage rates are at their lowest level since July. 

The average rate on a 30-year fixed-rate mortgage this week is 4.32-percent, down from 4.5-percent last week.  Average home prices have been on the rise and the lower mortgage rate won't quite offset the gains. 

A year ago, the rate was nearly a full percent lower at three-point-four-percent.