What will the 30-year fixed rate mortgage be on Feb 22, 2024?
What will the 30-year fixed rate mortgage be on Feb 22, 2024?
Above 6.7%
Yes
Above 6.7%
Yes
Above 6.8%
Yes
Above 6.8%
Yes
Above 6.9%
No
Above 6.9%
No
2 more
Market Rules
Above 6.5%
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 6.5%, 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
Market openFeb 16, 2024 · 10:00am EST
Market closedFeb 22, 2024 · 11:55am EST
Paid outFeb 22, 2024 · 3:00pm EST
SeriesKXFRM
EventFRM-24FEB22
MarketFRM-24FEB22-T6.5
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.
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.