Mortgage rate high by December 29, 2022?
Mortgage rate high by December 29, 2022?
Above 6.0%
Yes
Above 6.0%
Yes
Above 6.5%
Yes
Above 6.5%
Yes
Above 7.0%
Yes
Above 7.0%
Yes
4 more
Market Rules
Above 5.5%
Resolves Yes if the 30-year fixed-rate mortgage rate is above 5.5% for any week between May 16, 2022 to December 29, 2022 as reported by the Freddie Mac Primary Mortgage Market Survey® (“PMMS”).Outcome verified from Freddie Mac.
The market will expire at the sooner of the first 10:05 AM ET following the occurrence of the event, the first 10:05 AM ET following the release of the data for December 29, 2022, or January 05, 2023.
Timeline and payout
Market openMay 16, 2022 · 10:00am EDT
Market closedJun 17, 2022 · 1:03pm EDT
Paid outDec 29, 2022 · 1:00pm EST
SeriesKXFRMMAX
EventFRMMAX-22DEC29
MarketFRMMAX-22DEC29-P5.5
Insider trading is prohibited
The following are prohibited from trading this contract:
- Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
- Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.
Above 5.5%
Odds
0% chanceMax payout