Mortgage rate high in 2024?
Mortgage rate high in 2024?
Above 6.5%
No
Above 6.5%
No
Above 7.0%
No
Above 7.0%
No
Above 7.5%
No
Above 7.5%
No
Above 8.0%
No
Above 8.0%
No
Market Rules
Above 6.5%
Resolves Yes 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”).Outcome verified from Freddie Mac.
Timeline and payout
Market openJan 4, 2024 · 10:00am EST
Market closedDec 26, 2024 · 9:55am EST
Paid outDec 26, 2024 · 11:00am EST
SeriesKXFRMMAX
EventFRMMAX-24DEC26
MarketFRMMAX-24DEC26-P6.5
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.