Variable Rate Mortgage

Business, Legal & Accounting Glossary

Definition: Variable Rate Mortgage

Full Definition of Variable Rate Mortgage

Most mortgages are taken out at variable rates of interest. That means your lender sets an interest rate and from time to time this will be moved up and down in relation to general movements in interest rates in the wider economy.

Variable-rate mortgages are the ‘plain vanilla’ variety in the home lending market.

Cite Term

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Modern Language Association (MLA):
Variable Rate Mortgage. Payroll & Accounting Heaven Ltd. July 07, 2020
Chicago Manual of Style (CMS):
Variable Rate Mortgage. Payroll & Accounting Heaven Ltd. (accessed: July 07, 2020).
American Psychological Association (APA):
Variable Rate Mortgage. Retrieved July 07, 2020, from website:

Definition Sources

Definitions for Variable Rate Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020 | 0 Views.