Will US mortgage rates on 10/27 be higher than 6%?
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Resolves YES if the US average 30-year fixed rate mortgage reported on https://www.freddiemac.com/pmms for 10/27 is strictly greater than 6%, otherwise NO.
For reference, the most recent rate when this market opened was 6.02% for 9/15.
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Mortgage rates have been climbing over the last month, now up to 6.94%. The weekly averages from FreddieMac look a lot more slow-and-steady than the reality which was extraordinarily volatile - see e.g. https://fred.stlouisfed.org/series/MORTGAGE30US or https://www.mortgagenewsdaily.com/mortgage-rates/mnd. But still extremely unlikely to drop a full percentage point in a week.
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