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The survey was mailed in November 1986 to the sample of 716 fixed and adjustable rate mortgage borrowers.

In recent months, many holders of adjustable rate mortgages have sought to replace them with fixed-rate loans to avoid soaring interest payments.

This will require you to aggressively shop around for a mortgage rate you can live with, Remember, fixed rate mortgages will carry higher interest rates than adjustable rate mortgages.

* A $14 million adjustable rate mortgage to refinance a multifamily property in Brooklyn, N.Y.

* $10.0 million adjustable rate mortgage to refinance the loan on a multifamily housing property with a total of 23 units in Brooklyn, N.Y

* $11.9 million adjustable rate mortgage to refinance three, multifamily housing properties with a total of 190 units in Windsor Mill, Maryland.

Adjustable rate mortgages known as 2/28s (or "exploding ARMs") operate with an initial "teaser" rate for two years, followed by a steep payment increase.

MortgageIT Holdings, Inc., a residential mortgage real estate investment trust, announced the completion of its first loan securitization of 2005 and third overall, a public offering of approximately $1 billion of notes backed by residential, first-lien adjustable rate mortgage and hybrid ARM loans, through MortgageIT Trust 2005-1.

In addition, hybrid adjustable rate mortgages (ARMs) will become eligible for delivery.

Tampa, FL, March 04, 2011 --(PR.com)-- Wells Fargo's recent pledge to make $2.4 billion in loan modifications for California borrowers with adjustable rate mortgages is a step in the right direction, according Jo Ann Koontz, an attorney and CPA in the Yesner & Boss Sarasota office.

Refinancing activity took its lowest share of the market since October 2009, accounting for 67.2 percent of all applications and meanwhile, adjustable rate mortgages accounted for 5.1 percent, their highest share since November 2009.

Adjustable rate mortgages (Pay Option ARM's) were widely used in the hot housing market of recent years.

Jonathan Hatmaker, one of nine loan officers at Discover Mortgage in Eugene, said their business tripled in January as more holders of adjustable rate mortgages came through their doors looking to refinance after interest rates rose.

According to an analysis cited in The Washington Post by investment banker Barclays Capital, of the 2.2 million subprime adjustable rate mortgages that are expected to reset in 2008, only 240,000 would be eligible for a mortgage rate freeze under the President's proposal.

Many have probably taken out adjustable rate mortgages and face the prospect of being turned "upside down" as interest rates rise and a contracting real estate bubble undermines the value of their homes.