Which event will definitely make a new mortgage loan more expensive?
a. a rise in interest rate
b. a drop in interest rate
c. a rise in stock prices
d. a drop in stock prices

A rise in the interesr rate

Explanation:

A mortgage is a loan made in order to use it to buy a house. The buyer agrees to pay back the money in full of a settled upon interest rate. The principal factors that determines the monthly mortgage payments are the size, amount of money loaned, and term of the loan. Usually, the longer your term, the lower your monthly payment. Interest rate is what is the lender earns for the risk of loaning their money. It has a direct impact on the size of a mortgage payment, when interest rates increase so do the mortgage payments.

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