adjustable-rate mortgage

American  

[uh-juhs-tuh-buhl-reyt] / əˈdʒʌs tə bəlˌreɪt /

noun

1. a mortgage that provides for periodic changes in the interest rate, based on changing market condtions. ARM

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Example Sentences

If you’ve got an adjustable-rate mortgage, refinance it.

From MarketWatch

My interest rate is 4%, but could change in five years as it is a variable adjustable-rate mortgage.

From MarketWatch

For the same reason, would an adjustable-rate mortgage make sense?

From MarketWatch

The elder Ms. Alcin had menial agricultural jobs — work that, at the age of 67, has become more difficult to do, even as she tries to make higher payments on her home’s adjustable-rate mortgage.

From New York Times

But Clark had watched her mother, during the subprime-mortgage boom, be lured into homeownership by a “teaser” mortgage rate, only to lose her home to foreclosure when that adjustable-rate mortgage ballooned and she could no longer afford the payments.

From New York Times