mortgage rates in the us for tuesday jan 24 declined from the previous day and dropped from the same time last week according to data from bankrate the average daily rate for a fixedrate loan for 30 years was 646 down 5 basis points from 651 the previous day and down 10 basis points from seven days prior each 1 of a mortgage rate is made up of 100 basis points the refinance rate for 30year fixedrate loans was 658 a decrease of 2 basis points from the prior day and down 8 basis points from the last week a 15year fixedrate mortgage averaged 566 a decrease of 8 basis points from the prior day and a decrease of 14 basis points from the previous week for jumbo loans which cover properties that are more expensive than those under a conventional conforming loan about 647000 in most areas the rate was 651 down 7 basis points from the prior day and declining 7 basis points from the prior 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 540 steady from the prior day and down 4 basis points from the same day last week the rate for 30year federal housing administrationinsured mortgages was 583 down 5 basis points from the previous day and flat from the previous week mortgages backed by the department of veterans affairs hit a rate of 591 a decrease of 6 basis points from the previous day and declining 7 basis points from the last week on a state level alaska saw mortgage rates rise the most day over day climbing 8 basis points to 683 followed by arkansas with a 6basispoint increase to 645 and south carolina at 652 up 6 basis points no states posted declines in mortgage rates on tuesday editors note this story was autogenerated by automated insights an automation technology provider using data from bankrate