The group, whose shares have fallen 80% this year, made adjusted profit before tax of 22 million pounds ($24.9 million)in the year to August 31 2022, in line with guidance that was lowered last month and down from the pandemic boosted 193.6 million pounds made in 2020-21.nnLONDON, Oct 19 (Reuters) – British Prime Minister Liz Truss on Wednesday defied calls from opposition lawmakers to resign after having U-turned on her proposed economic plans, saying she was a “fighter” and not a “quitter”.nnBe sure to also consider additional factors such as fees, closing costs, tutoring center near me taxes and discount points. Make sure you speak with a variety of lenders — such as local and national banks, credit unions and online lenders — and comparison shop to find the best mortgage for you. The interest rate isn’t the only factor that affects the cost of your home.nnnnFor the first five years, you’ll typically get a lower interest rate with a 5/1 adjustable-rate mortgage compared to a 30-year fixed mortgage. If not, changes in the market may significantly increase your interest rate. But you may end up paying more after that time, depending on the terms of your loan and how the rate shifts with the market rate. 5/1 adjustable-rate mortgages A 5/1 ARM has an average rate of 5.39%, a rise of 7 basis points compared to a week ago. If you plan to sell or refinance your house before the rate changes, an adjustable-rate mortgage may make sense for you.nnA 30-year fixed mortgage will usually have a higher interest rate than a 15-year fixed rate mortgage — but also a lower monthly payment. You won’t be able to pay off your house as quickly and you’ll pay more interest over time, but a 30-year fixed mortgage is a good option if you’re looking to minimize your monthly payment. 30-year fixed-rate mortgages For a 30-year, fixed-rate mortgage, the average rate you’ll pay is 7.20%, which is an increase of 16 basis points compared to one week ago. (A basis point is equivalent to 0.01%.) The most common loan term is a 30-year fixed mortgage.nnLONDON, Oct 19 (Reuters) – British online fashion retailer ASOS reported an 89% drop in 2021-22 profit and forecast a first half loss in its new financial year, blaming significant volatility in the macroeconomic environment.nnHow does the loan term impact my mortgage? Unlike a fixed-rate mortgage, the interest rates for an adjustable-rate mortgage are only the same for a certain amount of time (commonly five, seven or 10 years). When picking a mortgage, it’s important to consider the loan term, or payment schedule. The most common loan terms are 15 years and why is the staar test important 30 years, although 10-, 20- and 40-year mortgages also exist. Another important distinction is between fixed-rate and adjustable-rate mortgages. The interest rates in a fixed-rate mortgage are the same for the duration of the loan. After that, the rate adjusts annually based on the market rate.nnIf you’re looking to buy a house in 2022, keep in mind that the Fed has signaled it will continue to raise rates, and mortgage rates could increase as the year goes on. Whether rates follow their upward projection or begin to level out hinges on if inflation actually slows. Though the Fed does not directly set mortgage rates, the central bank’s policy actions influence how much you pay to finance your home loan.nnThe average rate of the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, also ticked up. The average interest rates for both 15-year fixed and 30-year fixed mortgages both were driven higher. A variety of significant mortgage rates moved higher over the last week.nnWhile adjustable-rate mortgages might offer lower interest rates upfront, fixed-rate mortgages are more stable over time. One factor to think about when deciding between a fixed-rate and adjustable-rate mortgage is the length of time you plan on living in your home. Fixed-rate mortgages might be a better fit for people who plan on staying in a home for quite some time. The best loan term is entirely dependent on your situation and goals, so make sure to consider what’s important to you when choosing a mortgage. However you might get a better deal with an adjustable-rate mortgage if you only intend to keep your home for a couple years.nnShe wrote to her fans: ‘I am unbelievably honoured… and all of the emotions(!!) to announce that I will be joining the cast of #BeautyAndTheBeast30th to play the part of my favourite character – Mrs.nPotts.’nnThe star wore her platinum flecked brunette tresses in a voluminous half-updo as she prepared to film her scenes as the iconic teapot character – who was famously played by Angela Lansbury in the 1991 animated film.nnBut a 15-year loan will usually be the better deal, if you can afford the monthly payments. You’ll typically get a lower interest rate, and you’ll pay less interest in total because you’re paying off your mortgage much quicker. You’ll definitely have a higher monthly payment with a 15-year fixed mortgage compared to a 30-year fixed mortgage, even if the interest rate and loan amount are the same. 15-year fixed-rate mortgages The average rate for a 15-year, fixed mortgage is 6.41%, which is an increase of 21 basis points compared to a week ago.