Sentence examples for an adjustable rate from inspiring English sources

If your rate adjusts, you have an adjustable rate mortgage (also called an ARM).

"You bought an adjustable rate mortgage and you're mad the bank is adjusting the rate," she said.

Does an adjustable rate make sense?

He added that the Temple's price was an adjustable rate based on the potential client's ability to pay.

Late last month, for instance, Bethpage Federal Credit Union of Long Island offered an adjustable rate mortgage at 4.875 percent.

If short-term interest rates drop, borrowers can convert the loan again to an adjustable rate at no charge.

"Consumers often can't get some of the more technically oriented stuff," he said, citing explanations of when an adjustable-rate mortgage actually adjusts, or prepayment penalties apply.

On an adjustable-rate mortgage, the payment will decline automatically at the next rate adjustment date, but that could be years away.

Typically, these are borrowers who have taken on an adjustable-rate mortgage, or ARM.

Everybody knows the difference between a fixed-rate and an adjustable-rate mortgage".

Anyone with an adjustable-rate mortgage will suffer because short-term rates are high, for example.