Mortgage rates on 30-year loans sink

MCLEAN, Va. — Rates on 30-year-fixed mortgages dropped this week to their lowest levels in more than four years, effects of a startling November jobs report and a government plan to buoy the housing market.

Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 5.47 percent, down from 5.53 last week. Rates on 15-year fixed-rate mortgages fell to an average of 5.20 percent, down from 5.33 percent last week.

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