Latest news with #IntercontinentalExchange
Yahoo
9 hours ago
- Business
- Yahoo
HELOC rates today, June 28, 2025: The home equity line of credit rate sees a slight decrease
HELOC interest rates sagged slightly today, allowing home equity line of credit borrowers a little cushion of time to shop for the best rate. HELOCs are a popular second mortgage option. Home equity borrowing in the first quarter of this year hit nearly $25 billion, up 22% compared to the same time last year — and the highest quarterly volume since 2008, according to the Mortgage Research Network. One reason may be aggressive pricing by lenders. "The average introductory rate on second lien HELOCs has declined by 2.5 percentage points in recent quarters, dropping below 7.5% in March," noted a study by Intercontinental Exchange Mortgage Technology. Now, let's dig into today's HELOC rates. Dig deeper: HELOC vs. home equity loan: Tapping your equity without refinancing This embedded content is not available in your region. According to Zillow, the rate on a 10-year HELOC dropped seven basis points to 6.50% today. The same rate is also available on 15- and 20-year HELOCS. Meanwhile, VA-backed HELOCs rose by three basis points to 6.15%. Homeowners have a staggering amount of value tied up in their houses — more than $34 trillion at the end of 2024, according to the Federal Reserve. That's the third-largest amount of home equity on record. With mortgage rates lingering in the high 6% range, homeowners are not going to let go of their primary mortgage anytime soon, so selling a house may not be an option. Why let go of your 5%, 4% — or even 3% mortgage? Accessing some of that value with a use-it-as-you-need-it HELOC can be an excellent alternative. HELOC interest rates are different from primary mortgage rates. Second mortgage rates are based on an index rate plus a margin. That index is often the prime rate, which today is 7.50%. If a lender added 1% as a margin, the HELOC would have a rate of 8.50%. However, you will find reported HELOC rates are much lower than that. That's because lenders have flexibility with pricing on a second mortgage product, such as a HELOC or home equity loan. Your rate will depend on your credit score, the amount of debt you carry, and the amount of your credit line compared to the value of your home. And average national HELOC rates can include "introductory" rates that may only last for six months or one year. After that, your interest rate will become adjustable, likely beginning at a substantially higher rate. You don't have to give up your low-rate mortgage to access the equity in your home. Keep your primary mortgage and consider a second mortgage, such as a home equity line of credit. The best HELOC lenders offer low fees, a fixed-rate option, and generous credit lines. A HELOC allows you to easily use your home equity in any way and in any amount you choose, up to your credit line limit. Pull some out; pay it back. Repeat. Meanwhile, you're paying down your low-interest-rate primary mortgage like the wealth-building machine you are. This embedded content is not available in your region. Today, FourLeaf Credit Union is offering a HELOC rate of 6.49% for 12 months on lines up to $500,000. That's an introductory rate that will convert to a variable rate later. When shopping lenders, be aware of both rates. And as always, compare fees, repayment terms, and the minimum draw amount. The draw is the amount of money a lender requires you to initially take from your equity. The power of a HELOC is tapping only what you need and leaving some of your line of credit available for future needs. You don't pay interest on what you don't borrow. Rates vary so much from one lender to the next that it's hard to pin down a magic number. You may see rates from nearly 7% to as much as 18%. It really depends on your creditworthiness and how diligent a shopper you are. For homeowners with low primary mortgage rates and a chunk of equity in their house, it's probably one of the best times to get a HELOC. You don't give up that great mortgage rate, and you can use the cash drawn from your equity for things like home improvements, repairs, and upgrades. Of course, you can use a HELOC for fun things too, like a vacation — if you have the discipline to pay it off promptly. A vacation is likely not worth taking on long-term debt. If you take out the full $50,000 from a line of credit on a $400,000 home, your payment may be around $395 per month with a variable interest rate beginning at 8.75%. That's for a HELOC with a 10-year draw period and a 20-year repayment period. That sounds good, but remember, it winds up being a 30-year loan. HELOCs are best if you borrow and pay back the balance in a much shorter period of time.
Mint
2 days ago
- Business
- Mint
Crude oil prices rise on US demand uptick, China stimulus hopes
New Delhi: Global crude oil prices edged higher on Friday, buoyed by signs of strengthening demand in the US and renewed hopes of an economic stimulus in China—the world's second-largest oil consumer. At 8am (Indian time), the August Brent crude contract on the Intercontinental Exchange traded at $68.14 per barrel, up 0.61% from its previous close. The August West Texas Intermediate (WTI) contract on the NYMEX was at $65.67 a barrel, up 0.66%. Data released Wednesday by the US Energy Information Administration (EIA) showed a sharp drawdown of 5.84 million barrels for the week ending June 20, bringing inventories to their lowest seasonal level in 11 years. Analysts viewed the decline as a clear sign of rising demand in the US. Prices were also supported by optimism over policy stimulus in China. On Tuesday, Beijing unveiled a set of guidelines aimed at boosting domestic consumption through targeted financial measures. The policy framework—jointly issued by six ministries and the People's Bank of China—called on financial institutions to improve credit access and services to stimulate both supply and demand-side consumption, support employment, and raise household incomes. China is both the second-largest consumer and importer of crude oil globally. However, crude prices remain lower on a weekly basis, as easing geopolitical tensions in the Middle East helped cool supply concerns. A ceasefire brokered earlier this week between Israel and Iran led to a retreat in prices, which had spiked following a US strike on three Iranian nuclear sites. After the ceasefire was announced by US President Donald Trump on Tuesday, prices dropped to levels last seen before Israel's attack on 13 June. The Indian crude basket, meanwhile, was priced at $68.12 per barrel on 25 June. For the month so far, the average stands at $69.98 per barrel—higher than May's average of $64.04. The Indian basket reflects a weighted average of imported sour grades (Oman and Dubai) and sweet grades (Brent Dated), mirroring the typical crude mix processed by Indian refineries.
Yahoo
2 days ago
- Business
- Yahoo
ICE Hits 52-Week High, Trades at a Discount: How to Play the Stock
Intercontinental Exchange Inc. ICE hit a 52-week high of $181.65 on June 25. Shares closed at $180.53 after gaining 21.2% year to date, outperforming the industry, the sector and the Zacks S&P 500 composite in the same time has outperformed its peers, including Cboe Global Markets, Inc. CBOE, CME Group Inc. CME and Nasdaq, Inc. NDAQ. Shares of CBOE, CME and NDAQ have gained 17.9%, 17.6% and 13.9%, respectively, year to date. Image Source: Zacks Investment Research With a market capitalization of $103.55 billion, the average number of shares traded in the last three months was 3.2 million. Shares of Intercontinental are trading above the 50-day and 200-day simple moving averages (SMA) of $173.34 and $164.01, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data. Image Source: Zacks Investment Research Intercontinental shares are trading at a forward price-to-earnings of 24.72X, lower than the industry average of 26.25X. Its pricing, at a discount to the industry average, gives a better entry point to investors. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Intercontinental Exchange's 2025 earnings per share indicates a year-over-year increase of 14.5%. The consensus estimate for revenues is pegged at $9.96 billion, implying a year-over-year improvement of 7.3%. The consensus estimate for 2026 earnings per share and revenues indicates an increase of 10.4% and 5.7%, respectively, from the corresponding 2025 estimates. The expected long-term earnings growth rate is 13.3%, outperforming the industry average of 10.1%. Seven of the nine analysts covering the stock have raised estimates for 2025, while seven of the 10 analysts have raised the same for 2026 over the past 60 days. Thus, the Zacks Consensus Estimate for 2025 and 2026 moved 1.3% and 1.2% north, respectively, in the last 60 days. Image Source: Zacks Investment Research Based on short-term price targets offered by 17 analysts, the Zacks average price target is $194.18 per share. The average suggests a potential 7.3% upside from the last closing price. Image Source: Zacks Investment Research Intercontinental surpassed earnings estimates in three of the last four quarters and matched in one, the average being 1.30%. ICE's top line is poised to improve on strength in global data services and index business, growth in pricing and reference data business, and strength in ICE Global Network offering, solid desktop, feeds and derivatives analytics. The company has been achieving expense synergies from strategic acquisitions, which have also strengthened its portfolio and expanded its boasts the largest mortgage network across the United States and thus remains well-positioned to benefit from accelerated digitization in the residential mortgage continuously engages in strategic investments supported by a healthy and minimal risk-based balance sheet, which also offers stability and buoyancy over the medium to long operating expenses have been increasing over the last several years, weighing on margin expansion. With continuous growth initiatives like product launches and technology upgrades, we believe that expenses are likely to remain elevated in the near the debt balance declined, its leverage as well as times interest earned compares unfavorably with the industry average. ICE is poised for growth, banking on the strength of its compelling portfolio and expansive risk-management services, which also ensure revenue flow, as well as strategic buyouts, a solid balance sheet and effective capital deployment. Its dividend history is impressive. It has more than doubled its dividends in the last six analyst sentiment, favorable growth estimates, as well as attractive valuations, should continue to benefit ICE over the long is, therefore, wise to hold on to this Zacks Rank #3 (Hold) stock at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intercontinental Exchange Inc. (ICE) : Free Stock Analysis Report CME Group Inc. (CME) : Free Stock Analysis Report Nasdaq, Inc. (NDAQ) : Free Stock Analysis Report Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
2 days ago
- Business
- Globe and Mail
ICE Hits 52-Week High, Trades at a Discount: How to Play the Stock
Intercontinental Exchange Inc. ICE hit a 52-week high of $181.65 on June 25. Shares closed at $180.53 after gaining 21.2% year to date, outperforming the industry, the sector and the Zacks S&P 500 composite in the same time frame. Intercontinental has outperformed its peers, including Cboe Global Markets, Inc. CBOE, CME Group Inc. CME and Nasdaq, Inc. NDAQ. Shares of CBOE, CME and NDAQ have gained 17.9%, 17.6% and 13.9%, respectively, year to date. With a market capitalization of $103.55 billion, the average number of shares traded in the last three months was 3.2 million. ICE Trading Above 50-Day and 200-Day Moving Averages Shares of Intercontinental are trading above the 50-day and 200-day simple moving averages (SMA) of $173.34 and $164.01, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data. ICE Shares are Affordable Intercontinental shares are trading at a forward price-to-earnings of 24.72X, lower than the industry average of 26.25X. Its pricing, at a discount to the industry average, gives a better entry point to investors. ICE's Growth Projection Encourages The Zacks Consensus Estimate for Intercontinental Exchange's 2025 earnings per share indicates a year-over-year increase of 14.5%. The consensus estimate for revenues is pegged at $9.96 billion, implying a year-over-year improvement of 7.3%. The consensus estimate for 2026 earnings per share and revenues indicates an increase of 10.4% and 5.7%, respectively, from the corresponding 2025 estimates. The expected long-term earnings growth rate is 13.3%, outperforming the industry average of 10.1%. Optimistic Analyst Sentiment on ICE Seven of the nine analysts covering the stock have raised estimates for 2025, while seven of the 10 analysts have raised the same for 2026 over the past 60 days. Thus, the Zacks Consensus Estimate for 2025 and 2026 moved 1.3% and 1.2% north, respectively, in the last 60 days. Average Target Price for ICE Suggests Upside Based on short-term price targets offered by 17 analysts, the Zacks average price target is $194.18 per share. The average suggests a potential 7.3% upside from the last closing price. Earnings Surprise History Intercontinental surpassed earnings estimates in three of the last four quarters and matched in one, the average being 1.30%. Key Drivers of ICE Stock ICE's top line is poised to improve on strength in global data services and index business, growth in pricing and reference data business, and strength in ICE Global Network offering, solid desktop, feeds and derivatives analytics. The company has been achieving expense synergies from strategic acquisitions, which have also strengthened its portfolio and expanded its presence. ICE boasts the largest mortgage network across the United States and thus remains well-positioned to benefit from accelerated digitization in the residential mortgage industry. ICE continuously engages in strategic investments supported by a healthy and minimal risk-based balance sheet, which also offers stability and buoyancy over the medium to long term. However, operating expenses have been increasing over the last several years, weighing on margin expansion. With continuous growth initiatives like product launches and technology upgrades, we believe that expenses are likely to remain elevated in the near term. Though the debt balance declined, its leverage as well as times interest earned compares unfavorably with the industry average. Wrapping Up: Keep On Holding ICE is poised for growth, banking on the strength of its compelling portfolio and expansive risk-management services, which also ensure revenue flow, as well as strategic buyouts, a solid balance sheet and effective capital deployment. Its dividend history is impressive. It has more than doubled its dividends in the last six years. Optimistic analyst sentiment, favorable growth estimates, as well as attractive valuations, should continue to benefit ICE over the long term. It is, therefore, wise to hold on to this Zacks Rank #3 (Hold) stock at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intercontinental Exchange Inc. (ICE): Free Stock Analysis Report CME Group Inc. (CME): Free Stock Analysis Report Nasdaq, Inc. (NDAQ): Free Stock Analysis Report Cboe Global Markets, Inc. (CBOE): Free Stock Analysis Report
Yahoo
2 days ago
- Business
- Yahoo
Intercontinental Exchange (ICE) Gained from Rising Commodity Prices and Global Volatility
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index's -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as Intercontinental Exchange, Inc. (NYSE:ICE). Intercontinental Exchange, Inc. (NYSE:ICE) is a financial services company that offers market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities. The one-month return of Intercontinental Exchange, Inc. (NYSE:ICE) was 1.12%, and its shares gained 31.32% of their value over the last 52 weeks. On June 25, 2025, Intercontinental Exchange, Inc. (NYSE:ICE) stock closed at $180.53 per share, with a market capitalization of $103.557 billion. Parnassus Core Equity Fund stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q1 2025 investor letter: "Intercontinental Exchange, Inc. (NYSE:ICE), operating multiple commodity derivatives exchanges, gained from rising commodity prices and global volatility. The stock's performance also reflected a flight to safety by investors willing to pay more for earnings that offer a higher degree of visibility." A team of mortgage originators using a closing solution platform for quick and accurate mortgage processing. Intercontinental Exchange, Inc. (NYSE:ICE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 94 hedge fund portfolios held Intercontinental Exchange, Inc. (NYSE:ICE) at the end of the first quarter, which was 91 in the previous quarter. In Q1 2025, Intercontinental Exchange, Inc. (NYSE:ICE) reported an 8% increase in net revenue. While we acknowledge the potential of Intercontinental Exchange, Inc. (NYSE:ICE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Intercontinental Exchange, Inc. (NYSE:ICE) and shared Macquarie Large Cap Growth Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of ICE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
