mortgage rates in the us for wednesday march 8 increased from the previous day and were up from the same time last week according to data from bankrate the average daily rate for a fixedrate loan for 30 years reached a 52week high of 719 up 1 basis point from 718 the previous day and up 7 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 718 an increase of 4 basis points from the previous day and declining 1 basis point from the previous week a 15year fixedrate mortgage averaged 632 a 52week high an increase of 4 basis points from the prior day and up 6 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 hit a 52week high of 729 an increase of 1 basis point from the previous day and an increase of 7 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 582 rising 1 basis point from the previous day and rising 8 basis points from the previous week on wednesday the rate for 51 arms hit a 52week high the rate for 30year federal housing administrationinsured mortgages was 625 up 9 basis points from the prior day and up 10 basis points from a week ago mortgages backed by the department of veterans affairs reached a 52week high rate of 658 rising 8 basis points from the prior day and rising 16 basis points from the same day last week on a state level virginia and maryland posted the largest dayoverday increase in mortgage rates climbing 6 basis points each to 724 and 724 respectively connecticut rounded out the top three increases at 690 up 5 basis points no states saw declines in mortgage rates on wednesday editors note this story was autogenerated by automated insights an automation technology provider using data from bankrate