Mortgage Rate (OB30C)

Futures
Globex Code
MGEJ5
Last
-
Change
-
Volume
-
Last Updated16 Mar 2025 07:14:16 AM CT.
Market data is delayed by at least 10 minutes

Mortgage Rate (OB30C) futures - Contract Specs

Contract Unit
$5,000 x Contract index
Price Quotation
Price Quotation: Contract index = 100 - R

R = arithmetic average of the Optimal Blue Mortgage Market Indices (OBMMI) 30-Year Conforming Fixed Rate Index over the 5 business days leading up to and including the Last Trade Date.
Trading Hours
CME Globex:
Sunday - Friday 5:00 p.m. - 4:00 p.m. with a 60-minute break each day beginning at 4:00 p.m.
CME ClearPort:
Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT
Minimum Price Fluctuation
Outright:
0.005 index points (1/2 basis point per annum) = $25
CALENDAR SPREAD
0.0025 index points = $12.50
Product Code
CME Globex: MGE
CME ClearPort: MGE
Clearing: MGE
Listed Contracts
Monthly contracts listed for 6 consecutive months.
Settlement Method
Financially Settled
Termination of Trading
Trading terminates on SIFMA Class A 30-Yr UMBS Monthly Settlement Day.
Settlement Procedures
Position Limits
Exchange Rulebook
Block Minimum
Price Limit or Circuit
All or None Minimum
Vendor Codes

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