mortgage rates in the us for thursday may 11 dropped day over day and climbed 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 694 down 5 basis points from 699 the prior day and up 9 basis points from the previous week each 1 of a mortgage rate is made up of 100 basis points the refinance rate for 30year fixedrate loans was 715 a decrease of 2 basis points from the previous day and rising 13 basis points from the same day last week a 15year fixedrate mortgage averaged 619 declining 9 basis points from the prior day and rising 1 basis point 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 699 declining 6 basis points from the prior day and up 5 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 573 steady from the previous day and declining 2 basis points from the same day last week the rate for 30year federal housing administrationinsured mortgages was 581 down 4 basis points from the previous day and up 3 basis points from the same day last week mortgages backed by the department of veterans affairs hit a rate of 611 declining 4 basis points from the prior day and an increase of 9 basis points from the prior week on a state level west virginia saw mortgage rates rise the most day over day increasing 11 basis points to 686 followed by mississippi with a 10basispoint increase to 693 and alaska at 710 up 10 basis points no states posted declines in mortgage rates on thursday editors note this story was autogenerated by automated insights an automation technology provider using data from bankrate