International derivatives marketplace CME Group today announced it will expand its interest rate complex with the addition of Mortgage Rate futures in January 2025, pending regulatory review.
“For the first time ever, market participants will have a precise and highly-efficient tool for managing risk across mortgage pipelines, servicing rights and securities,” said Agha Mirza, CME Group Global Head of Rates and OTC Products. “As the fixed income market continues to evolve, our new Mortgage Rate futures will enable clients to trade the primary-secondary mortgage spread and gain unrivaled margin offsets with our U.S. Treasury futures, TBA futures and Eris SOFR swap futures.”
Mortgage Rate futures are cash-settled contracts that provide direct exposure to the latest primary mortgage rate available to borrowers….
Read More
