21.   Since most cards carry an adjustable rate, consumers should see their interest rates go down as the last Fed cut takes effect next year.

22.   That could bring down adjustable rate mortgages a tad.

23.   That could lead some investors back to adjustable rate loans and funds that invest in bonds backed by those loans.

24.   The hike would be translated immediately into higher borrowing costs for consumer loans, including car loans, adjustable rate mortgages on homes and interest on credit card balances.

25.   The reverse mortgages that Fannie Mae plans to purchase will carry adjustable rates and allow borrowers to receive the proceeds according to the payment option they select.

26.   The second group needs the lower rate an adjustable rate mortgage offers simply to qualify for a mortgage.

27.   Thrifts specializing in adjustable rate mortgages are particularly vulnerable because consumers favor fixed mortgages when rates are low, analysts said.

28.   Typically, adjustable rates are pegged to the one-year US Treasury bill.

29.   When they bought the apartment eight years ago, they took out an adjustable mortgage, and they refinanced three years ago into another adjustable rate.

30.   When we returned last month, I stopped at the bank and was informed that the adjustable rate was no longer in effect.