Another term for adjustable-rate mortgage.
More 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.