How to Use adjustable rate mortgage in a Sentence

adjustable rate mortgage

noun

• Over the course of the next 12 years the couple refinanced the home twice, taking on subprime adjustable rate mortgages — the loans at the heart of the mortgage crisis.
  — Allie Gross, Detroit Free Press, 3 Sep. 2019
• Just a handful of banks offer loans for TICs and the product offered is an adjustable rate mortgage.
  — Cnn.com Wire Service, The Mercury News, 18 Sep. 2019
• The Fed rate affects the cost of borrowing for everything from savings to credit cards to adjustable rate mortgages.
  — Lucy Bayly, NBC News, 13 Dec. 2017
• Some desire a better product, such as getting out of an adjustable rate mortgage into a fixed loan.
  — Washington Post, 17 June 2019
• Other types of short-term borrowing, such as adjustable rate mortgages and home equity lines of credit, are more directly impacted by changes by the Fed.
  — San Diego Union-Tribune, 18 Sep. 2019
• Many times first-time homebuyers opt for an adjustable rate mortgage to obtain the lowest monthly payment possible.
  — Tribune News Service, oregonlive, 21 Jan. 2022
• Many people who faced foreclosure during the last recession were first-time buyers who used an adjustable rate mortgage (ARM) to finance their purchase.
  — Ellen James Martin, courant.com, 19 June 2019
• Another type of interest rate (used less commonly) is an adjustable rate mortgage (ARM).
  — Jenny Tzeses, House Beautiful, 7 Sep. 2021
• The market's behavior suggests that investors expect two more rate hikes from the nation’s central bank this year — actions that will affect credit cards, home equity lines of credit and adjustable rate mortgages.
  — Adam Shell, USA TODAY, 24 Apr. 2018

Last Updated: 24 Jul 2024