US mortgage rates rose again in week after Trump’s victory
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US mortgage rates increased following Donald Trump's presidential election victory; 30-year fixed mortgage rate rose five basis points to 6.86% for the week ending Nov 8, 2024; this marks a 72 basis point increase over six weeks, the largest in two years; mortgage rates are influenced by treasury yields, affecting Federal Reserve's interest rate decisions; MBA's refinancing gauge fell for the seventh consecutive week, while home purchase applications saw a slight increase; MBA survey covers over 75% of US retail residential mortgage applications.

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