LOS ANGELES (AP) — The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. The rate rose to 6.95% from 6.86% last week, ...
Lenders base mortgage interest rates on the benchmark interest rate, along with other factors such as credit score, loan-to-value (LTV) ratio, size of the loan, type of loan and loan term.