For the week ending 4.16.26 Mortgage rates decreased by 7bp to 6.30%.
This past week, for a $100,000 loan the monthly payment decreased $5 to $619/mo.

For the week ending 4.16.26 mortgage rates decreased 7bp, mean while the 10 Year Treasury rates were UP
3bp. Spread decreased 10bp. With the historical spread being 168 there now exists a “safety cushion” of 30bp 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 30bp 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