adjustable rate mortgage
noun
: a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but is adjusted periodically according to the cost of funds to the lender
Examples of adjustable rate mortgage in a Sentence
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The financial crisis of 2008, when home values imploded, and earlier changes to the mortgage industry in the 1970s and 1980s, including the creation of Freddie Mac and the introduction of the adjustable rate mortgage, also set off permanent transformations.
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Debra Kamin, New York Times, 15 Mar. 2024
In the housing market, for example, lending standards have improved, and the number of adjustable rate mortgages has plummeted since the Global Financial Crisis (GFC) of 2008.
—Will Daniel, Fortune, 18 Dec. 2023
Meanwhile, the average rate for a kind of adjustable rate mortgage — a 5/1 ARM — dropped to 6.33% from 6.49%.
—Anna Bahney, CNN, 16 Oct. 2023
Her advice, however, for people that have adjustable rate mortgages that are about to reset was a bit more blunt.
—Byalena Botros, Fortune, 23 Aug. 2023
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Debra Kamin, New York Times, 15 Mar. 2024
In the housing market, for example, lending standards have improved, and the number of adjustable rate mortgages has plummeted since the Global Financial Crisis (GFC) of 2008.
—Will Daniel, Fortune, 18 Dec. 2023
Meanwhile, the average rate for a kind of adjustable rate mortgage — a 5/1 ARM — dropped to 6.33% from 6.49%.
—Anna Bahney, CNN, 16 Oct. 2023
Her advice, however, for people that have adjustable rate mortgages that are about to reset was a bit more blunt.
—Byalena Botros, Fortune, 23 Aug. 2023
See All Example Sentences for adjustable rate mortgage
Cite this Entry
“Adjustable rate mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/adjustable%20rate%20mortgage. Accessed 5 May. 2025.
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