Hedge mortgage servicing rights and pipeline risk

Expand your hedging toolkit with monthly cash-settled futures linked to the 30-year fixed conforming mortgage rate. Introducing Mortgage Rate (OB30C) futures, tracking the Optimal Blue 30-Year Fixed Rate Conforming Index, a benchmark representing 35% of all mortgage rate locks.

These off-balance sheet contracts trade on an anonymous, all-to-all and transparent central limit order book (CLOB), and do not require ISDA agreements. Look for automatic margin offsets against Treasury, TBA and Eris SOFR Swap futures to optimize capital efficiencies across the hedging portfolio.

Features and benefits

Pinpoint hedging instrument

Precisely manage exposure to primary mortgage rates.

New trading opportunities

Spread against TBA futures to trade the primary secondary spread.

Longer rate locks

Hedge longer-dated exposure with six consecutive monthly contracts.

Explore this product in depth

Trade Mortgage Rate futures on CME Direct

A fast, secure, and highly configurable trading front end, CME Direct offers a one-stop shop for accessing Mortgage Rate futures liquidity across CLOB trading, RFQs, and block negotiation/reporting workflows. Not on CME Direct? Get started.

Download the Mortgage Rate futures trading grid:

 
  1. Right click on the link and select "Save link as...".
  2. Save the file as an .XML on your computer.
  3. In CME Direct, select import view in the main menu.
  4. Import the grid into CME Direct.
  5. Under Menu, click on Save Window Layout.

Contact an Interest Rate expert

Connect with a member of our expert Interest Rate team to get more information about our products, find a broker or to contact a market maker.­

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