ICE Mortgage Monitor: As Market Gradually Shifts to Higher Rates, Latest Data Identifies Possible Refinance Tipping Point [Yahoo! Finance]
Intercontinental Exchange Inc. (ICE)
Last intercontinental exchange inc. earnings: 4/30 07:30 am
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Source: Yahoo! Finance
Four million loans originated since 2022 have rates of 6.5% or higher – 1.9M at 7%+ – providing modest opportunity for growth in the number of mortgage holders with incentive to refinance as rates ease An average of ~240K mortgages sit in each 1/8th of a percent rate band from 7-7.625% providing only modest increases to the number of in-the-money mortgages as those loans gain refinance incentive There's a spike of 690K loans with rates just below 7%, driven in part by borrowers buying down their rates for the comfort of an interest rate that starts with a 6, which could be a tipping point to more meaningful, albeit still modest, refi activity as those borrowers gain incentive to refinance The VA share of rate/term refi activity experienced a noticeable upswing in recent weeks, accounting for more than 30% of recent rate locks, according to ICE originations data, up from less than 10% last year The average VA refinance borrower is early into their 30-year term (average prior l
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News
- Want to buy or sell a home? How to get a 3% mortgage rate, negotiate fees, and more [USA TODAY]USA TODAY
- Intercontinental Exchange Reports June and Second Quarter 2024 Statistics [Yahoo! Finance]Yahoo! Finance
- Intercontinental Exchange Reports June and Second Quarter 2024 StatisticsBusiness Wire
- Funds Pile Into Bullish European Gas Bets as Supply Fears Mount [BNN Bloomberg (Canada)]BNN Bloomberg
- Intercontinental Exchange, Inc. (NYSE: ICE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
ICE
Earnings
- 5/2/24 - In-Line
ICE
Sec Filings
- 7/3/24 - Form 4
- 7/3/24 - Form 4
- 7/3/24 - Form 4
- ICE's page on the SEC website