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Glossary > V > "Variable rate mortgage" Definition

Variable rate mortgage

A mortgage where the interest rate is not fixed and which is dependent on influences such as interest rates on Treasury securities in the US or base rate in the UK.

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Variable rate mortgage - A mortgage where the interest rate is not fixed and which is dependent on influences such as interest rates on Treasury securities in the US or base rate in the UK.

Variable rate mortgage : a mortgage where the interest rate is not fixed and which is dependent on influences such as interest rates on treasury securities in the us or base rate in the uk.