mortgage rates in the us for wednesday may 17 increased day over day and increased from the same time last week according to data from bankrate see the best mortgage rates you may get now here the average daily rate for a fixedrate loan for 30 years was 710 up 2 basis points from 708 the previous day and up 11 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 721 down 3 basis points from the prior day and an increase of 4 basis points from the same day last week mortgages with a 15year fixed rate averaged 633 down 1 basis point from the prior day and up 5 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 719 up 3 basis points from the previous day and rising 14 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 577 an increase of 7 basis points from the previous day and an increase of 4 basis points from the previous week the rate for 30year federal housing administrationinsured mortgages was 588 down 6 basis points from the prior day and up 21 basis points from the previous week mortgages backed by the department of veterans affairs reached a rate of 623 a decrease of 9 basis points from the previous day and up 8 basis points from the last week on a state level alaska saw mortgage rates rise the most day over day increasing 7 basis points to 741 followed by nevada with a 6basispoint increase to 726 and idaho at 729 up 5 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