Denoting or relating to a mortgage or other loan with an interest rate that may be changed in response to economic conditions: more borrowers had been opting for adjustable-rate mortgages
More example sentences
- Greenspan told consumers to get adjustable rate mortgages as interest rates were hitting 45 year lows.
- These are the most sensitive mortgages, one year adjustable rate mortgages, in fact, that's where you would see the impact.
- That - and the rising interest rate environment putting pressure on adjustable rate mortgages - could result in more mortgage defaults.
Definition of adjustable-rate in:
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.