Rising mortgage rates have impacted the summer homebuying season and have been cited by at least one major lender as a key reason for recent layoffs. But the market got a brief respite this week as rates cooled slightly.

On Tuesday, HousingWire‘s Mortgage Rates Center showed that rates for 30-year conforming loans averaged 6.92%, down 2 basis points from one week ago. Rates for 30-year loans through the Federal Housing Administration (FHA) were also down 2 bps to 6.61%, while rates for 30-year jumbo loans rose 1 bps to 6.95%.

Rates have been rising consistently over the past details ⇒

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