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Mortgage rates for the UK are going up, says Bank of England

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LONDON – The Bank of London has confirmed a surge in interest rates on loans for the first time since it was established in 2015, raising the prospect that interest rates for unsecured loans are likely to rise again in the coming months.The increase in mortgage rates came as the central bank reported a record […]

Why consolidation loans are so complicated

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Why consolidation loan rates are so complex: There are a lot of different reasons for consolidation loan interest rates.One is the loan amount.The other is the terms of the loan. A consolidation loan can be any type of loan that you can borrow on your home mortgage or commercial loan.The term of the consolidation loan is […]

Why the average mortgage loan has jumped more than 10% over the past five years

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The average monthly payment for a single borrower is now $1,964.That’s up 11% over last year, the first increase in the last five years.Here are the most common reasons the average loan payment is up.Reasons that drove the increase include: A change in credit scores, such as improving credit scores from a high of 565 […]