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variable-rate mortgage

Syllabification: var·i·a·ble-rate mort·gage

Definition of variable-rate mortgage in English:

noun

Another term for adjustable-rate mortgage.
Example sentences
  • If you have a variable-rate mortgage (about seven out of ten mortgage borrowers do), expect your lender to lift its rate by the full 0.25% or more.
  • If you have a variable-rate mortgage, your payments are likely to go up from September following this month's quarter-point rate rise.
  • The variable-rate mortgage will be almost €100 per month more expensive.

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