As it was they were offered products with adjustable rates to reflect the risk of default.

The bank board also said the share of mortgage loans with adjustable rates fell below 50 percent for the first time since last July.

Most of the loans carry adjustable rates, which are vulnerable to interest rate fluctuations, they say.

During 1988, more than 60 percent of all new mortgages had adjustable rates.

About 27 percent of all home loans have adjustable rates, according to the mortgage group.

Average national adjustable rates have fallen to an all-time low of 4.75 percent for the week ending March 26.

After talking it over, the couple chose the adjustable rate.

He added that the Temple's price was an adjustable rate based on the potential client's ability to pay.

This may be a "strobe light" that is fired at an adjustable rate.

Nearly 60 percent of new home mortgages, for example, have adjustable rates, up from 30 percent just two years ago.