Mortgage rates have risen for the fourth consecutive week, reaching an average of 6.54%, the highest point in nearly three months. This increase comes despite recent cuts by the Federal Reserve, leaving many homebuyers and property owners scrambling to understand the market dynamics at play. Experts suggest that a surge in the 10-year Treasury yield and inflation concerns may be contributing factors to the rising rates. As homebuyers weigh their options before the winter season, the implications of these higher rates are beginning to create new challenges in the housing market.