Adjustable rate mortgages have a long term -they might last for thirty years -but the interest rate is not fixed for the whole thirty years.

可调利率抵押贷款的期限很长，也许会长达30年，但是利率在30年间并不是固定的。

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Damon Daniel, an organiser, says none of the 16 who applied got a write-down, though some might have their mortgages converted from an adjustable to a fixed interest rate.

一位组织者达蒙·丹尼尔说，虽然有些申请人的贷款已经从浮动利率转为固定利率，但是16位申请人都没能减少本金。

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And a fixed-rate loan is safer than an adjustable one.

而固定利率贷款比可调利率贷款更安全。

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During the mortgage crisis, the vast majority of jumbos were adjustable-rate mortgages and hybrid adjustable-rate mortgages, which started at low fixed rates and switched to adjustable interest rates at the end of a set time period typically of five, seven or 10 years, said Keith Gumbinger, vice president at HSH.com, a mortgage-information website.

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For a long time, financial experts have recommended fixed rate mortgages over adjustable rate mortgages.

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Mortgages can come with fixed, variable and adjustable interest rates, and typically offer longer terms of repayment than home equity loans.

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