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

2.   Even some people who are refinancing their homes are choosing from the varied menu of adjustable mortgages.

3.   Golden West said it was able to originate a large volume of adjustable mortgages even amid low mortgage interest rates.

4.   Historically, holders of adjustable mortgages have had higher default rates than their counterparts with fixed mortgages.

5.   It will put modest downward pressure on interest rates paid by small businesses and consumers, including those on some credit card balances, auto loans and adjustable mortgages.

6.   Joffrey Long, president of Southwestern Mortgage Inc. in the Los Angeles area of Granada Hills, said most of his clients have no reservations about adjustable mortgages.

7.   On home loans, that means adjustable mortgages -- which are short-term loans -- are rising while long-term fixed-rates are falling.

8.   One way to do that is with new types of adjustable mortgages.

9.   Rates on one-year adjustable mortgages have not fallen so sharply.

10.   They bought their house with a type of adjustable mortgage that holds the interest rate steady for the first five years, then allows it to fluctuate.