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 rate ticked up to 6.79% from 6.72% last week, mortgage buyer Freddie Mac said Thursday.

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.

Average mortgage rates have increased for a sixth straight week. Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fixed-rate mortga

Still, many housing market experts now expect mortgage rates to stay higher for longer. Lisa Sturtevant, chief economist of Bright MLS, said she still expects rates to come down from current levels, but thinks they’ll be volatile and could stay above 6% for all of next year.

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.