How low will mortgage rates fall in Q4 2024?

How low will mortgage rates fall in Q4 2024?

below 5.6%

No

below 5.6%

No

below 5.8%

No

below 5.8%

No

below 6.0%

No

below 6.0%

No

Market Rules

below 5.6%

The outcome is No

Resolves Yes if the 30-year fixed-rate mortgage rate is below 5.6% for any week between September 30, 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 openSep 30, 2024 · 11:00am EDT

Market closedAfter the outcome occurs

Paid out1 hour after closing

If this event occurs, the market will close the following 10:05am ET. Otherwise, it closes by Dec 26, 2024 at 9:55am EST.

SeriesKXFRMMIN

EventFRMMIN-24DEC26

MarketFRMMIN-24DEC26-P5.6

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.