# Pandemic Homeowners Face $1000 Mortgage Hike

> Pandemic-era homeowners could see monthly mortgage payments jump over $1,000 as adjustable rates reset next year.
- Title: Pandemic Homeowners Face $1000 Mortgage Hike · New York Post
- Summary: Pandemic-era homeowners could see monthly mortgage payments jump over $1,000 as adjustable rates reset next year. Homeowners with pandemic-era…
- Keywords: pandemic-era homeowners, adjustable-rate mortgages, mortgage payments, interest rates, ice mortgage monitor, 2027 reset, news, entertainment, Pandemic, Homeowners, Face, 1000
- Source: New York Post — https://nypost.com/2026/10/07/real-estate/pandemic-era-homeowners-face-1000-a-month-increase-in-mortgages
- Published: 2026-10-07T21:43:30+00:00
- Read time: 1 min
- Topics: pandemic-era homeowners, adjustable-rate mortgages, mortgage payments, interest rates, ice mortgage monitor, 2027 reset, news, entertainment
## Homebuyers Turn to ARMs
American homebuyers are increasingly turning to adjustable-rate mortgages as borrowing costs surge.
## ARMs Share Hits 11%
Nearly 11% of mortgage rate locks were for adjustable-rate mortgages in mid-September, the highest share in nearly four years.
## Rates Climb Above 7%
Conventional mortgage rates have risen to 7.31%, their highest level since November 2023.
## 2027 Reset Risk
About 186,000 homeowners are expected to see their ARMs reset for the first time in 2027, up from 148,000 this year.
## Payment Hike Impact
The median borrower could see their interest rate jump 2.2 percentage points, adding $645 to monthly payments.
## Pandemic Borrowers Hit Hard
Those who took out seven-year ARMs in 2020 could face a $1,000+ monthly payment increase when rates reset in 2027.
## Key takeaway

Homeowners with pandemic-era adjustable-rate mortgages may face monthly payment increases exceeding $1,000 when rates reset in 2027.