After two straight weeks of declines, mortgage rates have risen for two weeks in a row and returned to the levels seen at the end of June.

On Tuesday, HousingWire’s Mortgage Rates Center showed that rates for 30-year conforming loans averaged 6.92%, up 6 basis points from one week ago. Rates for 30-year loans through the Federal Housing Administration (FHA) were up 4 bps to 6.6%, while 30-year jumbo mortgage rates added 7 bps to average 6.58%.

The higher-for-longer rate environment appears to be taking a toll on the market for new homes, which had been outperforming the details ⇒

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