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Housing co-op opens 48 new homes in Glasgow – The two-storey homes were designed and built by McTaggart Construction, with the £5.65m project funded by a £3.75m in housing.

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Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBOR). Bank of America ARMs use LIBOR as the basis for ARM interest rate adjustments.

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