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.
MortgagesRate: 5.23 percent (30-year fixed) Average Points: 0.47
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