Mortgage rates are always in flux, but homebuyers should expect more turbulence than usual over the next few months. Since starting his second term, President Donald Trump is moving forward on some of his policies around immigration and trade,

After falling for four days and then holding at that level for another day, rates on 30-year mortgages added points Thursday, as did most other loan types.

The average rate on the 30-year fixed-rate mortgage fell 12 basis points to 6.94% in the week ending Jan. 23, according to rates provided to NerdWallet by Zillow. A basis point is one-one hundredth of a percentage point. The previous week had been the first time that the 30-year rate had inched above 7% since May.