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Interest rates adjust periodically with a variable rate mortgage, which means repayments may change throughout the loan term.Usually, the interest rate changes in relation to another rate – the Bank of England’s base rate is very influential on variable interest rates, as is the base rate of each lender.
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WASHINGTON (Reuters) – The U.S. housing finance regulator said on Friday it had reversed a decision to require mortgage lenders to ask what language borrowers spoke because it was not among the “most.
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