WASHINGTON, Nov 7 (Reuters) – U.S. mortgage rates increased to a four-month high this week and could rise further amid fears that President-elect Donald Trump’s proposed economic policies could stoke inflation.

The average rate on the popular 30-year fixed-rate mortgage climbed to 6.79%, the highest level since July, from 6.72% last week, mortgage finance agency Freddie Mac said on Thursday.

It has increased for six straight weeks and has risen by 71 basis points since late September.