mortgage rates in the us for wednesday march 22 declined from the previous day and were down from the same time last week according to data from bankrate the average daily rate for a fixedrate loan for 30 years was 689 down 11 basis points from 700 the prior day and down 13 basis points from the same day last week each 1 of a mortgage rate is made up of 100 basis points the refinance rate for 30year fixedrate loans was 705 a decrease of 2 basis points from the prior day and down 1 basis point from the last week mortgages with a 15year fixed rate averaged 612 a decrease of 9 basis points from the previous day and down 16 basis points from the prior week for jumbo loans which cover properties that are too pricey for a conventional conforming loan about 647000 in most areas the rate was 697 down 13 basis points from the prior day and down 6 basis points from the same day last week as for 51 adjustablerate mortgages which carry a fixed rate for five years that can then rise or fall each year after the average was 569 down 1 basis point from the previous day and a decrease of 4 basis points from last week the rate for 30year federal housing administrationinsured mortgages was 602 down 25 basis points from the previous day and down 17 basis points from a week ago mortgages backed by the department of veterans affairs reached a rate of 608 a decrease of 20 basis points from the previous day and a decrease of 19 basis points from the previous week on a state level alaska saw mortgage rates rise the most day over day increasing 19 basis points to 713 followed by idaho with an 18basispoint increase to 692 and colorado at 697 up 17 basis points no states posted declines in mortgage rates on wednesday editors note this story was autogenerated by automated insights an automation technology provider using data from bankrate