What will the 30-year fixed rate mortgage be on Feb 22, 2024?
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6H
1D
ALL
Feb 16 to 22, 2024 (+0)
$720,835vol
Above 6.7%
Yes
Above 6.8%
Yes
Above 6.9%
No
2 more markets
Rules summary for
Above 6.7%
If the 30-Year Fixed Rate Mortgage rate as reported by the Freddie Mac Primary Mortgage Market Survey® (“PMMS”) for the week ending February 22, 2024 is above 6.7%, then the market resolves to Yes. Outcome verified from Freddie Mac.
The contract will expire at the sooner of the first 12:05 PM following the release of the data for February 22, 2024, or February 29, 2024. The Last Trading Time will always be 11:55 AM ET on February 22, 2024. Timeline and payout
About
The 30-year mortgage rate reflects the annual interest percentage for long-term home loans spread over a 30-year period. These rates depend on factors like economic conditions, market trends, and a borrower's creditworthiness. Fun fact: Fixed-rate, long-term mortgages gained popularity during the Great Depression when the FHA introduced them to promote homeownership.
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