President-elect Donald Trump’s win, coupled with a quarter-point interest rate cut from the Federal Reserve, pushed major stock indexes into record territory.
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.
The average rate on a 30-year mortgage, the most popular home loan in the United States, rose to 6.79 percent this week, Freddie Mac reported on Thursday.
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