Thinking about taking out a mortgage loan? Current mortgage rates remain at 6.88% for 30-year terms, while 15-year terms rise to 6.25%. Valerie Morris is a content editor with a focus on personal finance.

Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House.

Economists and analysts predict Trump's proposed fiscal policies in his 2nd term could make mortgage rates higher.

The median interest rate on a 30-year fixed-rate mortgage is 6.88% as of November 12, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 6.13%, which is also unchanged from yesterday.

Donald Trump's economic policies, while aimed at affordability, could raise mortgage rates. His proposals, including tariffs and tax cuts, might boost the economy but also trigger inflation. This could lead to higher interest rates,