Countrywide Financial Corp. said Tuesday that mortgage loan funding for the month of November fell 11 percent to $38 billion as the housing market continued to weaken.

The Calabasas-based lender also said that monthly purchase volume fell 18 percent to $16 billion, while home-equity-loan funding fell 13 percent to $3.2 billion and nonprime loan funding fell 21 percent to $3.1 billion

However, the nation’s largest mortgage lender saw a 2 percent hike in daily mortgage loan activity, which which was $2.7 billion — spurred by falling long-term interest rates. The company’s mortgage loan pipeline was $62 billion as of Nov. 30, a 10 percent dip from $69 billion a year ago.

Shares in Countrywide were down 34 cents to $30.14 in late Tuesday trading.