The Veterans Administration is raising its maximum...

The Veterans Administration is raising its maximum interest rate for federally backed VA home mortgages to 10.5% from 10%, the third increase this year. The VA said it was making the change, which will take effect tomorrow, to bring its rate in line with the mortgage market, which has been moving up in recent weeks. Conventional, fixed-rate mortgages, not backed by federal guarantees, rose to 10.63% in the past week, up from 10.33% the week before, the Federal Home Loan Mortgage Corp. said in its latest nationwide survey. The VA rates apply to new loans, not existing ones.