variable rate mortgage

noun

Definition of variable rate mortgage

Examples of variable rate mortgage in a Sentence

Recent Examples on the Web Since the government rolls over much of its debt, selling short-term debt like 2-year bonds is like having a variable rate mortgage. Washington Post, "Why U.S. Ponders Going Long on ‘Methuselah’ Debt: QuickTake Q&A," 18 Sep. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'variable rate mortgage.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of variable rate mortgage

1975, in the meaning defined above

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The first known use of variable rate mortgage was in 1975

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Cite this Entry

“Variable rate mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/variable%20rate%20mortgage. Accessed 9 Jul. 2020.

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