variable-rate

[ vair-ee-uh-buhl-reyt ]

adjective

1. providing for changes in the interest rate, adjusted periodically in accordance with prevailing market conditions:

   a variable-rate mortgage.

Example Sentences

Borrowers of private student loans have already seen rates climb because of previous rate increases: Both fixed- and variable-rate loans are linked to benchmarks that track the federal funds rate, the Fed’s benchmark rate.

From New York Times

Mason said HomeStreet had already begun shifting its lending strategy toward more variable-rate loans, which adjust with interest rates.

From Seattle Times

It also has deep pockets: Earnings had almost tripled between 2021 and 2023, in part because of its larger portfolio of variable-rate business loans, Mason said.

From Seattle Times

For starters, WaFd Bank was less vulnerable to rate hikes: Back in 2005, the bank began moving away from fixed-rate loans and toward more variable-rate commercial loans, said CEO Brent Beardall.

From Seattle Times

Stuart Boxenbaum, president of Statewide Financial Group, a financial advisory firm, says that with interest rates rising, this fall is also a great time to aggressively pay off high-interest or variable-rate debt, such as credit card debt.

From Seattle Times