Average 30-year mortgage rate jumps to 3.94%

Unexpected presidential results pushed rates noticeably higher this week, but experts are divided on what happens next, with 50% thinking they’ll drop a bit soon. Separately, the Fed seems ready to raise short-term interest rates next month.

Unexpected presidential results pushed rates noticeably higher this week, but experts are divided on what happens next, with 50% thinking they’ll drop a bit soon. Separately, the Fed seems ready to raise short-term interest rates next month.

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