What is the meaning of ADJUSTABLE RATE MORTGAGES (ARMs)?

Mortgage loans under which the interest rate is periodically adjusted to more closely coincide with current rates. The amounts and times of adjustment are agreed to at the inception of the loan.

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APABarry Goldsmith. (2010). ADJUSTABLE RATE MORTGAGES (ARMs). Retrieved September 22, 2026, from http://smartdefine.org/adjustable_rate_mortgages_(arms)/definitions/1147220
ChicagoBarry Goldsmith. 2010. "ADJUSTABLE RATE MORTGAGES (ARMs)" http://smartdefine.org/adjustable_rate_mortgages_(arms)/definitions/1147220 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, ADJUSTABLE RATE MORTGAGES (ARMs), Smart Define, viewed 22 September, 2026, <http://smartdefine.org/adjustable_rate_mortgages_(arms)/definitions/1147220>.
MLABarry Goldsmith. "ADJUSTABLE RATE MORTGAGES (ARMs)" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/adjustable_rate_mortgages_(arms)/definitions/1147220>