The Reserve Bank's cash rate cut last October had little impact on the mortgage market late in the year. The latest Australian Bureau of Statistics housing finance figures, released yesterday, show a fall in activity in November.The value of dwelling commitments fell 0.8 per cent in November (in seasonally adjusted terms). Lending for owner-occupied housing was up 0.6 per cent, but loans to investors fell 3.3 per cent.The number of dwelling commitments fell 0.5 per cent in November. The number of loans for the purchase of new dwellings fell 10.3 per cent. There were 46,199 owner-occupied loans written in November, which was a bit more than the monthly average of 45,723 loans for the previous 12 months.First-home buyers made up 15.8 per cent of the market - the smallest proportion of housing finance commitments for over a year.The average loan size was A$306,700.