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  • ICE Mortgage Monitor: Historically Strong Home Price Growth Pushes U.S. Mortgage Holders’ Tappable Equity To Record $11T

    Date 06/05/2024

    • Though rising rates have dampened purchase demand and allowed for modest inventory growth, a continuing deficit of homes for sale this spring is helping prices remain resilient
    • According to the ICE Home Price Index, prices rose 1.2% in March, more than 25% above the 25-year average increase, marking the third consecutive month of above-average home price gains
    • On an annual basis, home price growth eased slightly in March to +5.6% from an upwardly revised +6.0% in February
    • Strong home price growth in early 2024 increased mortgage-holder equity to a record $16.9T in Q1, $11T of which can be leveraged while retaining a 20% equity cushion – also an all-time high
    • 48M U.S. homeowners with mortgages have some level of such tappable equity, at an average of $206K per borrower, up from $185K at the same time last year
    • Two thirds of all tappable equity is held by homeowners with credit scores of 760 or higher, making for a relatively low-risk lending cohort
    • An equal share – two thirds – is held by homeowners with first lien mortgage rates below 4%, with 84% (~$9.2T) held by those with rates lower than 5%
    • Just five West Coast metros – Los Angeles ($1.1T), San Francisco ($648B), San Jose ($348B), San Diego ($331B), and Seattle ($324B) – account for nearly a quarter ($2.7T) of total tappable equity
    • Homeowners in these markets not only hold some of the largest volumes of tappable equity but also have rates well below the national average as higher loan balances tend to provide more frequent refi incentive
    • Second lien home equity products remain particularly attractive options for such borrowers wanting to access some of this abundant equity while maintaining their historically low first lien rates

  • Tehran Stock Exchange Bulletin - April 2024

    Date 06/05/2024

    Click here to download Tehran Stock Exchange's monthly bulletin.

  • April 2024 Figures At Eurex

    Date 06/05/2024

    • Interest rate derivatives at Eurex grew by 90 percent year-on-year in April.
    • Eurex Repo’s GC Pooling market saw a 27 percent increase year-on-year in April.
    • Notional outstanding in OTC Clearing increased by 3 percent compared to April 2023.

  • Statistics From Nasdaq Nordic Exchange April 2024

    Date 06/05/2024

    Monthly statistics including stock and derivative statistics;

    • Volumes and Market cap
    • Most traded companies
    • Most active members
    • Listings and member

  • Tradeweb Reports April 2024 Total Trading Volume Of $41.9 Trillion And Average Daily Volume Of $1.94 Trillion - April 2024 ADV Up 69.1% YoY

    Date 06/05/2024

    Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of April 2024 of $41.9 trillion (tn)[1]. Average daily volume (ADV) for the month was $1.94tn, an increase of 69.1 percent (%) year-over-year (YoY).