The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July.

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 in the United States rose for the sixth straight week, returning to its highest level since early July. The rate ticked up to 6.79 percent from 6.72 percent last week,

Bond yields also surged on expectations that President-elect Trump’s plans for higher tariffs, lower tax rates and lighter regulation could lead to growth, inflation and government debt.