For the week ending 11.12.26 Mortgage rates DECREASED 7bp, and are now 7.11%.
This past week, for a $100,000 loan the monthly payment decreased $5 to $673/mo.
For the week ending 11.12.26 mortgage rates decreased 7bp, mean while the 10 Year Treasury rates were UP
26bp. Spread DECREASED 33bp. With the historical spread being 168 the “safety cushion” which had been 66bp lost half and is now at 33bp above the historical spread—in ONE WEEK.
The historic spread between the 10 Year Treasury and mortgage rates is 168pb (see green line, right axis) and currently is 33bp above historical norm. It appears in periods of rising interest rates, the spread increases. Rocket up, feather down.
Bill Knudson, Research Analyst LANDCO NEXA