Here's a look at the state of CD rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Jan. 13, 2010.

Mortgages

Mortgage rates fell for the second straight week.

The average 30-year fixed-rate mortgage slipped 3 basis points, to 5.23 percent. A basis point is one-hundredth of a percentage point.

Meanwhile, this week's average 15-year fixed-rate -- a popular option for refinancing -- fell 5 basis points, to 4.62 percent.

The average jumbo 30-year fixed dropped 17 basis points, to 5.97 percent.

Adjustable-rate mortgages fell this week. The one-year adjustable-rate mortgage fell 16 basis points, to 4.94 percent. Meanwhile, the popular 5/1 ARM slipped 6 basis points, to 4.68 percent.

Mortgage applications rose a seasonally adjusted 14.3 percent when compared to a week earlier, according to the Mortgage Bankers Association. For the week ending Jan. 8, refinancing activity surged 21.8 percent, while applications for new purchase edged up 0.8 percent.

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-- Chris Kissell