Exclusive | Pandemic-Era Homeowners Face $1,000-a-Month Increase in Mortgages as Ultra-Low Rates Finally Expire

Exclusive | Pandemic-era homeowners face $1,000-a-month increase in mortgages as ultra-low rates finally expire

Adjustable-rate loans now make up nearly 11% of new rate locks, the highest share in almost four years.

As mortgage rates rise, more borrowers are turning to adjustable-rate loans

As mortgage rates approach 8%, more buyers are turning to adjustable-rate mortgages to save on interest. Nearly 11% of mortgage borrowers who locked in a rate in mid-September opted for an ARM, according to ICE Mortgage Technology data. The share is up more than three percentage points over the…

ARM Demand Hits Nearly Four-Year High as Rates Rise

ICE says adjustable-rate mortgages now exceed 11% of rate locks as borrowers seek payment relief, while overall ARM exposure remains historically limited.

Mortgage Rate Lock-In Is Baaack

Everyone knows mortgage rates are a lot higher today than they were just a month ago. We’re all aware that housing affordability has gone downhill quick as a result. But one thing we might be forgetting is mortgage rate lock-in, the phenomenon where existing mortgage rates and market rates diverge sharply. When the difference becomes… Read More »Mortgage Rate Lock-In Is Baaack

ICE Mortgage Monitor: ARM Demand Hits Nearly Four-Year High on Rising Mortgage Rates

ARM share approaches 11% of rate locks, even as the number of loans currently adjusting sits at a 25-year low Intercontinental Exchange, Inc., one of the world’s leading providers of financial market technology and data powering global capital markets, released the October 2026 ICE Mortgage Monitor Report. The analysis finds...