For the week ending 10.29.26 Mortgage rates DECREASED 8bp, and are now 7.24%. This past week, for a $100,000 loan the monthly payment decreased $5 to $681/mo.
For the week ending 10.29.26 mortgage rates decreased 8bp, mean while the 10 Year Treasury rates were UP 2bp. Spread DECREASED 10bp. With the historical spread being 168 there now exists a “safety cushion” of 58bp 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 58bp above historical norm. It appears in periods of rising interest rates, the spread increases. Rocket up, feather down.
Bill Knudson, Research Analyst LANDCO NEXA