# About 150,000 U.S. Adjustable-Rate Mortgages Face First Reset in 2026 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/31267 Published: 2026-10-13T15:08:36.000Z Updated: 2026-10-13T15:08:36.000Z Section: Investing > Roughly 180,000 more adjustable-rate mortgages are scheduled for first resets in 2027 as elevated borrowing costs raise payment concerns for some borrowers. About 150,000 U.S. adjustable-rate mortgages are scheduled for their first reset in 2026, exposing some borrowers to substantially higher payments as borrowing costs remain elevated. Roughly 180,000 adjustable-rate mortgages are scheduled for first resets in 2027, followed by about 155,000 in 2028. The October 2026 Mortgage Monitor showed 3.1 million active first-lien adjustable-rate mortgages, representing 5.6% of active mortgages, as of ICE’s October 2026 Mortgage Monitor. About 1.05 million active adjustable-rate mortgages had already reached their first reset and entered the adjustable period. More than 90% of adjustable-rate mortgages originated since 2022 remained in their introductory fixed-rate periods, concentrating much of the near-term adjustment exposure among older loan cohorts. About 74,000 seven-year adjustable-rate mortgages originated in 2020 are expected to reset in 2027. The median payment increase for those loans is estimated at approximately $1,066 per month, or 36%. An adjustable-rate mortgage typically begins with a fixed introductory rate before changing periodically. Contractual caps limit how much the interest rate and monthly payment can move. Federal mortgage-servicing rules require an initial reset notice 210 to 240 days before the first payment at the adjusted rate is due. Later payment-changing adjustments generally require notice 60 to 120 days beforehand. The adjustment risk comes as fixed borrowing costs remain high. The conforming 30-year fixed-rate index reached 7.2% on Sept. 24. [Mortgage rates and refinancing activity]() have also reflected the pressure from higher borrowing costs. “Changes in the rate environment affect borrowers differently depending on when their loan was originated and how it’s structured,” said Bob Hart, president of ICE Mortgage Technology. Adjustable-rate mortgages are becoming more common among new borrowers. They accounted for more than 11% of mortgage rate locks, the largest share in nearly four years, and represented 10.3% of mortgage applications for the week ending Sept. 25. “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,” said Andy Walden, head of Mortgage and Housing Market Research at ICE. ## Links in this article - [Mortgage rates and refinancing activity](https://www.tokenpost.com/news/investing/23313)