Market question: 30-year mortgage rate below 5% before election?
Category: Politics
Tags: mortgage, Economy, Politics

This market will resolve to "Yes" if the 30-Year Fixed Rate Mortgage Average in the United States falls below 5.00% at any point between September 19 and October 31, 2024 (inclusive). Otherwise, this market will resolve to "No".

If for any reason there is no data point for this market's resolution date on either of the sources listed below, information for the nearest previous available date will be used.

The primary resolution source for this market is Freddie Mac, specifically https://www.freddiemac.com/pmms. The data that will be looked at is the "30Y FRM" as indicated on the graph titled "Primary Mortgage Market Survey®". If the resolution source is unavailable, https://fred.stlouisfed.org/series/MORTGAGE30US will be looked at instead. If both sources are unavailable other credible reporting may be used.

Outcome: No