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NEW YORK CITY-Fixed mortgage rates have plunged this week following a decline in the yield on U.S. Treasury bonds. Freddie Mac has said that the average value for 30-year fixed loans dropped from 4.80% to 4.78% and the average value for 15-year fixed loans fell from 4.02% to 3.97%.

The average value for five-year adjustable-rate loans slipped to 3.51% from 3.61% and the average value for one-year adjustable-rate loans dropped from 3.16% to 3.15%. For the full story, go to Seattle Times.

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