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Mortgage Rates Surge Post-Trump Election

Following Donald Trump's election, mortgage rates have surged to 6.79%, raising concerns for homebuyers. Analysts predict that Trump's proposed economic policies could lead to higher inflation and interest rates, complicating the housing market for first-time buyers and current homeowners alike. This situation reflects ongoing economic uncertainties.

Bank of England Cuts Interest Rates Again

The Bank of England has reduced interest rates from 5% to 4.75%, marking the second cut this year. This decision follows a decline in UK inflation below the target level, but future cuts may be cautious due to recent government budget measures and economic uncertainties.