variable rate mortgage

noun

Examples of variable rate mortgage in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The increase is primarily due to new unsecured bond issuances and higher rates on variable rate mortgages. Quartz Bot, Quartz, 8 Nov. 2024 Households with variable rate mortgages should see relief more immediately. Courtenay Brown, Axios, 18 Sep. 2024 Consumers could benefit as well, as lower interest payments on credit card bills and variable rate mortgages would free up some dollars to help with discretionary spending, such as apparel purchases. Vicki M. Young, Sourcing Journal, 11 Sep. 2024 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, 18 Sep. 2019

Word History

First Known Use

1975, in the meaning defined above

Time Traveler
The first known use of variable rate mortgage was in 1975

Dictionary Entries Near variable rate mortgage

Cite this Entry

“Variable rate mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/variable%20rate%20mortgage. Accessed 21 Nov. 2024.

Last Updated: - Updated example sentences
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