TOTAL VOLUME:
$154.8b
24H VOL:
$277,138,640
24H TRANSACTIONS:
2,984,640,614
OPEN INTEREST:
$1,905,404,943
412,077
Markets across
39,838
events
MATCHED EVENTS:
4,526
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Time left: 08d:06h:15m
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This event tracks changes in U.S. mortgage application activity as reported by the Mortgage Bankers Association. It focuses on the initial release of weekly survey data following the market issuance date. The outcome depends on whether the reported percentage change exceeds specific thresholds.
Multiple markets exist with varying percentage thresholds (-10% to +10%) for resolving to 'Yes'. All markets share the same underlying data source: the first-published percentage change in the MBA’s seasonally adjusted Market Composite Index from the first new Weekly Applications Survey release after market issuance. The reported change is used directly, with holiday adjustments applied and no further calculation required. If multiple reference weeks are reported, the latest reference week controls. Increases are positive, decreases negative, and unchanged is 0%. The term 'above' means strictly greater than the specified strike. Later revisions, corrections, and subsequent releases are ignored. If publication is delayed, trading remains closed until the qualifying release, subject to contract expiration and missing-data provisions.
Currently, prediction market participants are expressing their views on the US mortgage market through their trades on Kalshi. It’s common to see differences between these crowdsourced predictions and those made by traditional financial analysts. This market allows for a dynamic assessment, incorporating a wide range of information and perspectives, which may differ from a static analyst report. Comparing this market’s outcome probabilities to consensus analyst expectations can reveal whether the crowd believes the market will outperform or underperform expectations.
On Kalshi, this market is priced using a continuous double auction. Traders buy and sell contracts representing different outcomes for the change in US mortgage applications. The price of a contract reflects the market's collective assessment of the probability of that outcome occurring. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. As more traders participate, the prices adjust to reflect new information and changing sentiment. The current market price indicates what traders are willing to pay or receive for a contract, effectively representing a forecast of the future event.
This market resolves around Nov 11, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. The resolution will be based on the percentage change in mortgage applications as reported in the next MBA Weekly Mortgage Applications Survey. Traders will look to this report to see whether applications have increased or decreased, and by what percentage, to determine the final outcome of this market. The MBA report is a widely followed indicator of housing market activity and consumer demand.
Several factors could significantly influence this market before it resolves. Key economic data releases, such as inflation reports, employment figures, and GDP growth, can all impact mortgage rates and therefore application volume. Unexpected changes in Federal Reserve policy regarding interest rates would also be a major catalyst. Additionally, news related to the housing market itself – such as changes in home sales, inventory levels, or construction activity – could move this market. Any significant shifts in these areas will likely be reflected in trading activity on Kalshi.