Here's a look at the state of mortgage rates from Bankrate.com's weekly national survey of large banks and thrifts conducted June 2, 2010.

Mortgages

Mortgage rates rose off their record lows this week.

The average 30-year fixed-rate mortgage rose 3 basis points, to 4.95 percent. A basis point is one-hundredth of a percentage point.

Meanwhile, this week's average 15-year fixed-rate -- a popular option for refinancing -- edged up 2 basis points, to 4.36 percent.

The average jumbo 30-year fixed slipped 1 basis point, to 5.74 percent.

Adjustable-rate mortgages split this week. The one-year adjustable-rate mortgage rose 4 basis points, to 4.91 percent. Meanwhile, the popular 5/1 ARM fell 5 basis points, to 4.21 percent.

Mortgage applications edged up a seasonally adjusted 0.9 percent when compared to a week earlier, according to the Mortgage Bankers Association. For the week ending May 28, refinancing activity rose 2.4 percent. However, applications for new purchase fell 4.1 percent.

In other mortgage-related news, pending home sales rose for the third straight month according to the National Association of Realtors. The NAR Pending Home Sales Index was up 6 percent in April when compared to the previous month, and was up 22.4 percent year over year.

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-- Chris Kissell