ICE Mortgage Monitor: ARM Demand Hits Nearly Four-Year High on Rising Mortgage Rates
Business Wire•05/10/2026•09:00 ET
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Key Highlights
- ➤ARM share exceeds 11% of rate locks, highest level in nearly four years
- ➤ICE’s Conforming 30-year Fixed Rate Index reached 7.2% on Sept. 24
- ➤1.05 million active ARMs reached first reset, lowest level in more than 25 years
- ➤180,000 ARMs are scheduled for first reset in 2027, up from 150,000 in 2026
- ➤50% of borrowers paid points in August, highest share since early 2025
Expert Statements
Andy Walden, Head of Mortgage and Housing Market Research at ICE
“ARMs are becoming more attractive to borrowers looking for relief from today’s higher fixed rates, but the overall market exposure to adjustable payments remains relatively limited”
Andy Walden, Head of Mortgage and Housing Market Research at ICE
“There are now 3.1 million active first-lien ARMs, the most in 5.5 years, but they represent just 5.6% of active mortgages. And because most newer ARMs are still in their introductory periods, only about a third of active ARMs have begun adjusting.”
Bob Hart, President of ICE Mortgage Technology
“Changes in the rate environment affect borrowers differently depending on when their loan was originated and how it’s structured.”
Bob Hart, President of ICE Mortgage Technology
“That makes timely data and connected technology especially important. ICE gives lenders and servicers the information and tools they need to understand what’s happening across their portfolios and support borrowers as their needs change.”
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
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