For the week ending 2.12.26 Mortgage rates decreased 2bp to 6.09%.
This past week, for a $100,000 loan the monthly payment decreased $2 to $605/mo

For the week ending 2.12.26 mortgage rates decreased 2bp, mean while the 10 Year Treasury rates were
down 12bp. Spread increased 10bp. With the historical spread being 168 there now exists a “safety cushion” of 32bp above the historical spread.

The historic spread between the 10 Year Treasury and mortgage rates is 168pb (see green line, right axis) and currently is 32bp above historical norm. In July 2024 this spread was 150bp. Mortgage rates have decreased more than the 10 year.

Bill Knudson, Research Analyst LANDCO NEXA