• Increasing mortgage rates have reached their highest level since July, impacting homebuyers' purchasing power and potentially stalling home sales, which are already projected to be at their lowest since 1995.
• The Federal Reserve's influence on mortgage rates is significant, and while a temporary drop was seen in September, the rising trend post-election indicates concerns about inflation amid proposed economic policies from the incoming administration.
• Growing inventory of homes on the market could mean a shift in the housing market, with increasing opportunities for buyers, yet the overall trend in mortgage rates remains a concern for many.

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