A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.
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07/12/2018 · Major mortgage lenders are cutting interest rates as they look to lure in new customers and meet their year-end targets.
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Fixed rate mortgages offer the security of knowing how much you will pay each month for a set period like 2, 3, 5 or 10 years, even if other mortgage rates go up.
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