Here's a look at the state of mortgage rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Dec. 9, 2009.

Mortgages

Mortgage rates edged up for the second straight week.

The average 30-year fixed-rate mortgage rose 3 basis points, to 5.04 percent. A basis point is one-hundredth of a percentage point.

Meanwhile, this week's average 15-year fixed-rate -- a popular option for a refinance -- rose 1 basis point, to 4.47 percent.

The average jumbo 30-year fixed fell 2 basis points, to 6 percent.

Adjustable-rate mortgages also moved higher. The one-year adjustable-rate mortgage rose 5 basis points, to 5.39 percent. Meanwhile, the popular 5/1 ARM increased 3 basis points, to 4.55 percent.

Mortgage applications rose a seasonally adjusted 8.5 percent when compared to a week earlier, according to the Mortgage Bankers Association.

For the week ending Dec. 4, applications for new purchase rose 4 percent, while refinancing activity was up 11.1 percent.

To find and compare mortgage rates in your area, visit Bankrate's interactive search tool.

See all interest rates content.

-- Chris Kissell