Mortgage rates inched up even though the Federal Reserve cut interest rates. Experts explain why this is a short-lived phenomenon.

Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage point was a “political move” and that a smaller cut would have been preferable.

The central bank’s decision brings the benchmark federal-funds rate to a range between 4.75% and 5% and follows an all-out fight against inflation launched two years ago.