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 October 1, 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 October 1, 2026).
HarvardBarry Goldsmith 2010, adjustable rate mortgages (arms), Smart Define, viewed 1 October, 2026, <http://smartdefine.org/adjustable_rate_mortgages_(arms)/definitions/1147220>.
MLABarry Goldsmith. "adjustable rate mortgages (arms)" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/adjustable_rate_mortgages_(arms)/definitions/1147220>