US mortgage rates continued to rise, building on a recent run-up after Donald Trump won the presidential election.

Consumers have been eagerly awaiting interest rate cuts for several years, hoping the cuts would translate to a reduction in mortgage rates. When the Fed finally slashed interest rates by 0.5% in September,

Though the Federal Reserve has been cutting interest rates, mortgage rates have been increasing or holding steady. When will potential homeowners see mortgage relief.

The Federal Reserve cut interest rates by a quarter of a percent as inflation begins the path to stabilization.

Who wins the US Presidential elections will global implications and, depending on what the winner does, could indirectly impact many people in the UK too

Low interest rates are used to discourage people from piling up their money in savings. High interest rates encourage saving because people get a better return for the money you are putting away. This in turn has an effect on the price of goods.

Several major lenders are increasing their fixed mortgage rates, despite the Bank of England cutting the base rate to 4.75 per cent on Thursday. The Bank’s Monetary Policy Committee (MPC) decided to cut the bank rate from 5 per cent, in a widely expected move, although there are doubts there will be any further decreases this year.

Despite the increase in rates, some home buyers were returning to the market, according to the Mortgage Bankers Association. The market composite index — a measure of mortgage a