• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Black Knight: As Interest Rates Hit 22-Year Highs, 51% of Homebuyers Face $2,000+ Monthly Mortgage Payments; Nearly a Quarter Face $3,000 Payments or More

    9/6/23 9:00:00 AM ET
    $BKI
    $ICE
    Computer Software: Prepackaged Software
    Technology
    Investment Bankers/Brokers/Service
    Finance
    Get the next $BKI alert in real time by email
    • In July 2023, the average monthly principal and interest (P&I) payment for borrowers purchasing a home using a 30-year fixed-rate loan was $2,306 – before taxes and insurance are even included



    • That's the highest average P&I payment on record and has risen by 60% (+$871) over the past two years; it's also poised to push even higher given recent rate increases



    • More than half of such July purchase originations had a payment of more than $2,000 a month, up from just 18% 2 years ago, with nearly a quarter (23%) having payments of more than $3,000 – up from 5% in 2021



    • Beyond purchase affordability, rising interest rates are also having a clear and decisive impact on how much equity mortgage holders are willing to withdraw from their homes, and by what means



    • Mortgage holders tapped $39B in equity in Q2 2023 via cash-out refis as well as home equity loans and lines of credit, up modestly from the first quarter but just half the volume of Q1 2022 ($79B) before rates began to rise



    • From 2010-2021, mortgage holders withdrew an average 0.92% of available tappable equity each quarter; that share has fallen to just 0.4% over the past three quarters, resulting in a roughly 55% decline in equity withdrawals



    • Put simply, since rates began their climb roughly 15 months ago, nearly $200B in equity that might have otherwise been withdrawn and injected into the broader economy has remained untapped

    JACKSONVILLE, Fla., Sept. 6, 2023 /PRNewswire/ -- Today, Black Knight, Inc., now part of Intercontinental Exchange, Inc. (NYSE:ICE), released its September 2023 Mortgage Monitor Report, based on the company's industry-leading mortgage, real estate and public records data sets. Among other topics, this month's report examines the phenomenon of $2,000-$3,000 monthly mortgage payments, which have rapidly become the norm in today's housing market in the face of spiking interest rates and historically high home prices. As Black Knight Vice President of Enterprise Research Andy Walden explains, this is a remarkably recent development.

    Black Knight, Inc. Logo (PRNewsfoto/Black Knight, Inc.)

    "The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306, and that's before taxes and insurance are factored in." said Walden. "That's up 60% over the past two years, which got us to thinking: just when did the $2,000 monthly mortgage payment become the norm? Just two years ago, only 18% of homebuyers were facing that level of payment; as of the end of July that share had grown to 51%. Beyond that, nearly one in four July homebuyers has payments north of $3,000, up from just 5% in 2021. We've been talking about affordability for quite some time now, but this puts the situation in stark relief.

    "Rates aren't just hampering prospective homebuyers, though. While tappable equity levels have returned to near- record highs, rising rates are having a clear impact on how – and how much – equity mortgage holders are willing to withdraw from their homes. All in – including first-lien cash-out refis and second-lien home equity loans and lines – we saw mortgage holders withdraw $39B in equity from their homes in Q2 2023. That's up slightly from Q1's $37B, but only about half the volume of Q1 2022, before interest rates began to climb. Historically, from 2010-2021, mortgage holders pulled out just under 1% of available equity each quarter. But over the last three quarters, that share has fallen to 0.4%, which suggests rising rates have resulted in a roughly 55% decline in equity withdrawals. In essence, over the last 15 months, there's been nearly $200B less equity withdrawn – and reinjected into the broader economy – than might otherwise have been, due in large part to elevated interest rates."

    Data on home equity lines of credit (HELOCs) suggests further headwinds. Pegged to the prime rate, which rose later in the cycle than first-lien rates, HELOCs were the beneficiaries of Q2/Q3 2022 30-year rate movements, with borrowers at times able to get lower rates on HELOCs than a cash-out refinance – a historically rare occurrence. In the time since, HELOC rates have risen along with aggressive Fed rate hikes, with the average HELOC offering now above 8.5% for the first time in the 15+ years Black Knight has been tracking the data. Such HELOC rate increases have left borrowers without an overly attractive option to tap into their equity and have led to weaker withdrawal volumes this spring and summer, with second-lien withdrawals down by a little over 30% from the same time last year. However, HELOCs still remain the more attractive of the two options for homeowners needing to access equity without sacrificing record-low first-lien rates.

    Much more information on these and other topics can be found in this month's Mortgage Monitor.

    About the Mortgage Monitor

    The Data & Analytics division of Black Knight manages the nation's leading repository of loan-level residential mortgage data and performance information covering the majority of the overall market, including tens of millions of loans across the spectrum of credit products and more than 160 million historical records. The combined insight of the Black Knight HPI and Collateral Analytics' home price and real estate data provides one of the most complete, accurate and timely measures of home prices available, covering 95% of U.S. residential properties down to the ZIP-code level. In addition, the company maintains one of the most robust public property records databases available, covering 99.9% of the U.S. population and households from more than 3,100 counties.

    Black Knight's research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for the monthly Mortgage Monitor Report. To review the full report, visit: https://www.blackknightinc.com/data-reports/

    About Intercontinental Exchange

    Intercontinental Exchange, Inc. (NYSE:ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

    Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."

    For more information:

    Michelle Kersch                                                 

    Mitch Cohen     

    904.854.5043                                                     

    704.890.8158

    [email protected]                               

    [email protected]

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/black-knight-as-interest-rates-hit-22-year-highs-51-of-homebuyers-face-2-000-monthly-mortgage-payments-nearly-a-quarter-face-3-000-payments-or-more-301918940.html

    SOURCE Black Knight, Inc.

    Get the next $BKI alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $BKI
    $ICE

    CompanyDatePrice TargetRatingAnalyst
    Intercontinental Exchange Inc.
    $ICE
    10/14/2024$185.00Strong Buy → Outperform
    Raymond James
    Intercontinental Exchange Inc.
    $ICE
    9/27/2024$200.00Outperform
    RBC Capital Mkts
    Intercontinental Exchange Inc.
    $ICE
    9/26/2024$182.00Buy
    TD Cowen
    Intercontinental Exchange Inc.
    $ICE
    8/2/2024$155.00 → $152.00Buy → Hold
    Deutsche Bank
    Intercontinental Exchange Inc.
    $ICE
    7/1/2024$143.00 → $167.00Neutral → Buy
    Goldman
    Intercontinental Exchange Inc.
    $ICE
    1/8/2024$120.00 → $148.00Equal Weight → Overweight
    Barclays
    Intercontinental Exchange Inc.
    $ICE
    9/22/2023$125.00Neutral
    Goldman
    Intercontinental Exchange Inc.
    $ICE
    8/4/2023$117.00 → $130.00Neutral → Buy
    Citigroup
    More analyst ratings

    $BKI
    $ICE
    SEC Filings

    See more
    • SEC Form 144 filed by Intercontinental Exchange Inc.

      144 - Intercontinental Exchange, Inc. (0001571949) (Subject)

      7/25/25 4:18:24 PM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance
    • SEC Form CERT filed by Intercontinental Exchange Inc.

      CERT - Intercontinental Exchange, Inc. (0001571949) (Filer)

      6/16/25 8:33:16 AM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance
    • SEC Form 8-A12B filed by Intercontinental Exchange Inc.

      8-A12B - Intercontinental Exchange, Inc. (0001571949) (Filer)

      6/16/25 7:15:24 AM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance

    $BKI
    $ICE
    Leadership Updates

    Live Leadership Updates

    See more
    • New CFO Appointment Signals Next Phase of Growth and Innovation at ReSource Pro

      Veteran finance and technology executive brings multi-industry leadership and a history of driving impactful change to ReSource Pro. ReSource Pro, a leading provider of strategic operations solutions for the insurance industry, today announced the appointment of Eugene ("Gene") Hugh as Chief Financial Officer. He will lead the company's Accounting, Financial Planning & Analysis, Tax, Treasury, Legal, and Mergers & Acquisitions functions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250708592777/en/Gene Hugh, CFO of ReSource Pro "With Gene's strong financial expertise and operational leadership, we're confident he will be a k

      7/8/25 8:30:00 AM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance
    • NYSE Content advisory: NYSE teams up with Money20/20 at its annual event in Europe

      NEW YORK, June 25, 2025 /PRNewswire/ -- This is where money does business. The New York Stock Exchange (NYSE) recently traveled to Amsterdam in collaboration with Money20/20 to join, keynote, interview, and announce news at Money20/20's EU show. Experience the full interactive Multichannel News Release here: https://www.multivu.com/nyse/9315754-en-nyse-money-20-20-annual-event-europe The show floor, nature stage, money beach club and moneypot podcasting stage all laid the groundwork for three action-packed days of building, networking, and partnering. For the largest independent gathering of financial technology leaders, it's a natural fit that the NYSE teamed up with Money20/20 for future

      6/25/25 8:05:00 AM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance
    • ICE to dual-list on NYSE Texas

      Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data and parent company of the New York Stock Exchange (NYSE), today announced that it will dual-list on NYSE Texas, effective June 17, 2025. "Founded 25 years ago and listed on the NYSE for nearly two decades, ICE has consistently worked to stay at the forefront of innovation in capital markets," said Jeffrey C. Sprecher, ICE Chair & Chief Executive Officer. "Supporting the momentum in Texas as Governor Abbott and his team create an environment where companies can thrive, we are delighted to join the community of companies listed on NYSE Texas." Building on the NYSE's 230 years of experience as the

      6/16/25 7:30:00 AM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance

    $BKI
    $ICE
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Intercontinental Exchange Inc. (Amendment)

      SC 13G/A - Intercontinental Exchange, Inc. (0001571949) (Subject)

      2/13/24 1:23:13 PM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance
    • SEC Form SC 13G/A filed by Black Knight Inc. (Amendment)

      SC 13G/A - Black Knight, Inc. (0001627014) (Subject)

      2/9/24 11:49:03 AM ET
      $BKI
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G filed by Black Knight Inc.

      SC 13G - Black Knight, Inc. (0001627014) (Subject)

      2/14/23 12:40:56 PM ET
      $BKI
      Computer Software: Prepackaged Software
      Technology

    $BKI
    $ICE
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • NYSE Content Advisory: Pre-market update + Accelerant celebrates IPO

      NEW YORK, July 25, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.  Ashley Mastronardi delivers the pre-market update on July 25th Stocks are mixed Friday morning after the S&P 500 closed at a record for the 13th time this year. The index has been bolstered by earning season so far with over 80% of quarterly figures topping expectations, according to FactSet.Investors are paying close attention to the relationship between President Trump and Fed Chair Jerome Powell. On Thursday, the President paid a vis

      7/25/25 8:55:00 AM ET
      $ARX
      $ICE
      $MANU
      Specialty Insurers
      Finance
      Investment Bankers/Brokers/Service
      Services-Misc. Amusement & Recreation
    • NYSE Content Advisory: Pre-Market update + McGraw Hill, Accelerant IPO on NYSE

      NEW YORK, July 24, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.  Ashley Mastronardi delivers the pre-market update on July 24th Stocks are mixed Thursday morning following the S&P 500's 12th record close of the year on Wednesday. The index received a boost Tuesday night when President Trump announced a trade deal with Japan.The NYSE was in attendance at the All In's AI Summit and before President Trump gave his closing keynote, spoke to leaders on a cross-section of topics including AI, energy, robot

      7/24/25 8:55:00 AM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance
    • NYSE Texas Dual-Lists Strive ETFs

      The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that NYSE Texas has listed its first exchange traded funds (ETFs) with Strive Asset Management dual-listing 13 ETFs: Strive International Developed Markets ETF (NYSE:STXI) Strive Mid-Cap ETF (NYSE:STXM) Strive U.S. Energy ETF (NYSE:DRLL) Strive Natural Resources and Security ETF (NYSE:FTWO) Strive U.S. Semiconductor ETF (NYSE:SHOC) Strive 500 ETF (NYSE:STRV) Strive 1000 Dividend Growth ETF (NYSE:STXD) Strive Emerging Markets Ex-China ETF (NYSE:STXE) Strive 1000 Growth ETF (NYSE:STXG) Strive Small-Cap ETF (NYSE:STXK)

      7/24/25 8:30:00 AM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance

    $BKI
    $ICE
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Bowen Sharon sold $145,724 worth of shares (795 units at $183.30), decreasing direct ownership by 5% to 15,000 units (SEC Form 4)

      4 - Intercontinental Exchange, Inc. (0001571949) (Issuer)

      7/2/25 4:30:36 PM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance
    • Chief Technology Officer Kapani Mayur exercised 5,662 shares at a strike of $50.01 and sold $1,781,678 worth of shares (9,973 units at $178.65), decreasing direct ownership by 6% to 69,902 units (SEC Form 4)

      4 - Intercontinental Exchange, Inc. (0001571949) (Issuer)

      6/17/25 4:30:06 PM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance
    • SVP, HR & Administration Foley Douglas sold $283,968 worth of shares (1,600 units at $177.48), decreasing direct ownership by 6% to 27,313 units (SEC Form 4)

      4 - Intercontinental Exchange, Inc. (0001571949) (Issuer)

      6/13/25 4:30:06 PM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance

    $BKI
    $ICE
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Intercontinental Exchange downgraded by Raymond James with a new price target

      Raymond James downgraded Intercontinental Exchange from Strong Buy to Outperform and set a new price target of $185.00

      10/14/24 7:52:31 AM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance
    • RBC Capital Mkts initiated coverage on Intercontinental Exchange with a new price target

      RBC Capital Mkts initiated coverage of Intercontinental Exchange with a rating of Outperform and set a new price target of $200.00

      9/27/24 7:36:17 AM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance
    • TD Cowen initiated coverage on Intercontinental Exchange with a new price target

      TD Cowen initiated coverage of Intercontinental Exchange with a rating of Buy and set a new price target of $182.00

      9/26/24 7:33:55 AM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance

    $BKI
    $ICE
    Financials

    Live finance-specific insights

    See more
    • NYSE Texas Dual-Lists Strive ETFs

      The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that NYSE Texas has listed its first exchange traded funds (ETFs) with Strive Asset Management dual-listing 13 ETFs: Strive International Developed Markets ETF (NYSE:STXI) Strive Mid-Cap ETF (NYSE:STXM) Strive U.S. Energy ETF (NYSE:DRLL) Strive Natural Resources and Security ETF (NYSE:FTWO) Strive U.S. Semiconductor ETF (NYSE:SHOC) Strive 500 ETF (NYSE:STRV) Strive 1000 Dividend Growth ETF (NYSE:STXD) Strive Emerging Markets Ex-China ETF (NYSE:STXE) Strive 1000 Growth ETF (NYSE:STXG) Strive Small-Cap ETF (NYSE:STXK)

      7/24/25 8:30:00 AM ET
      $ICE
      Investment Bankers/Brokers/Service
      Finance
    • NYSE Content Advisory: Pre-Market update + Hinge Health, MNTN rise in their first full day of trade

      NEW YORK, May 27, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.  Kristen Scholer delivers the pre-market update on May 27th Stocks are rising Tuesday morning after President Trump walked back tariffs on the European Union. The President said he would push back the 50% levy deadline to July 9th following a request by EU Commission President Ursula Von Der Leyen.While major indexes moved lower last week, NYSE-listed Hinge Health and NYSE-listed MNTN stood out. Both popped double digits when they opened

      5/27/25 8:55:00 AM ET
      $ICE
      $PFGC
      Investment Bankers/Brokers/Service
      Finance
      Food Distributors
      Consumer Discretionary
    • Forge Global Holdings, Inc. Reports First Quarter Fiscal Year 2025 Results

      Total Revenues Less Transaction-Based Expenses of $25.1 million in 1Q25, highest as a public company. Total Marketplace Revenues Less Transaction-Based Expenses of $15.8 million in 1Q25. Total Trading Volume of $692.4 million in 1Q25, an increase of 132% over the prior quarter. Total Custodial Administration Fees Less Transaction-Based Expenses of $9.3 million in 1Q25. Total Custodial Client Cash of $459.7 million as of March 31, 2025. Forge Global Holdings, Inc. ("Forge") (NYSE:FRGE), a leading provider of marketplace infrastructure, data services, and technology and investment solutions for the private market, today announced its financial results for the quarter ended Marc

      5/7/25 7:00:00 AM ET
      $FRGE
      $ICE
      Investment Bankers/Brokers/Service
      Finance