Mortgage rate high in 2024?
By Q4 2024 (+0)
$330,826vol
Above 6.5%
TBD
Above 7.0%
TBD
Above 7.5%
TBD
Above 8.0%
TBD
Rules summary for
Above 6.5%
If the 30-year fixed-rate mortgage rate is above 6.5% for any week between January 04, 2024 to December 26, 2024 as reported by the Freddie Mac Primary Mortgage Market Survey® (“PMMS”), then the market resolves to Yes. Outcome verified from Freddie Mac.
Timeline and payout
About
In October 1981, 30-year fixed mortgage rates reached their historical peak at 18.63%, with that year's average 30-year rate standing at 16.64%. This extraordinary surge was driven by the OPEC embargo, which led to record inflation in the United States. To try to control inflation, the Fed raised interest rates to historic levels.
