For the week ending 10.15.26 Mortgage rates did not change, rates remained at 7.40%. This past week, for a $100,000 loan the monthly payment remained at $692/mo.

For the week ending 10.15.26 mortgage rates remained unchanged, mean while the 10 Year Treasury rates were DOWN 12bp. Spread INCREASED 12bp. With the historical spread being 168 there now exists a “safety cushion” of 62bp 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 62bp above historical norm. It appears in periods of rising interest rates, the spread increases. Rocket up, feather down.

Bill Knudson, Research Analyst LANDCO NEXA.