For the week ending 8.14.25 Mortgage rates decreased 5bp to 6.58%.
This past week, for a $100,000 loan the monthly payment decreased $3 to $637/mo.
For the week ending 8.14.25 mortgages decreased 5bp while the 10 Year Treasury rates increased 6bp.
Spread increased by 5bp. With the historical spread being 168 there now exists a “safety cushion” of 61bpabove the historical spread.
The historic spread between the 10 Year Treasury and mortgage rates is 168pb (see green line, right axis) and currently is 61bp 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