Then people with adjustable rate mortgages would have to pay more.

It has nothing to do with their adjustable rate mortgages.

But many people with adjustable mortgages are now finding their rates going up.

One-year adjustable mortgages are offered at around 9 1/4 percent.

Rates on five- and one-year adjustable rate mortgages have increased by half a point.

Find out about the risks and advantages of an adjustable rate mortgage.

"This is the first year you're going to get a major shock" from higher adjustable mortgage payments.

They are considering an adjustable rate mortgage with a rate of 5.5 percent for the first five years.

He paid 20 percent down on the $925,000 price, with an adjustable 15-year mortgage pegged to the treasury bill rate.

Some studies have shown that on average, the majority of borrowers with adjustable rate mortgages save money in the long term.