Thousands of homeowners are about to get slammed with higher monthly payments [Yahoo! Finance]
Intercontinental Exchange Inc. (ICE)
Last intercontinental exchange inc. earnings: 4/30 07:30 am
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Source: Yahoo! Finance
Hernandez refinanced her home loan in 2016 using an adjustable-rate mortgage loan , which has a low introductory rate for a fixed initial period. Unlike the more popular fixed-rate mortgage loans, ARMs can offer temporary relief for homebuyers who want to avoid paying higher mortgage rates — however, they also come with risk. After the fixed introductory period — usually five, seven or ten years — the rate on an ARM loan adjusts periodically based on current market conditions. That means when mortgage rates increase, many ARM loan holders, like Hernandez, experience the unpleasant shock of significantly higher monthly home payments. For thousands of Americans like Hernandez who took out ARM loans five years ago, before interest rates shot up to a four-decade high, that shock is coming this year. Mortgage rates have remained elevated , adding fuel to one of the most unaffordable housing markets in decades. That led ARMs to gain traction despite their drawbacks. According to da
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News
- 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 Mortgage Monitor: As Market Gradually Shifts to Higher Rates, Latest Data Identifies Possible Refinance Tipping Point [Yahoo! Finance]Yahoo! Finance
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