For the week ending 5.8.25 Mortgage rates no change, rate remained at 6.76%.

This past week, for a $100,000 loan the monthly payment remained at $649/mo.

For the week ending 5.8.25 mortgages made no change while the 10 Year Treasury rates decreased 12bp.

Spread decreased to 239bp. With the historical spread being 168 there now exists a “safety cushion” of 71bp 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 71bp 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