Mortgage rates had been moving downward of late, but the positive momentum reflected in purchase application activity lost steam this week.

HousingWire’s Mortgage Rates Center on Tuesday showed that rates rose slightly during the past week, ending a two-week pattern of declines. Rates for 30-year conventional loans averaged 6.86%, up 1 basis point from one week ago. Rates for 30-year loans through the Federal Housing Administration (FHA) were up 1 bps to 6.56%, while rates for 30-year jumbo loans rose 2 bps to 6.51%.

Headwinds for mortgage pricing arrived Tuesday in the form of rising inflation through details ⇒

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