For the week ending 06/27/2024, mortgage rates decreased 1bp to 6.86%.
For a $100,000 loan, the monthly payment decreased $1.00 to $656/mo or $0.02/day.
![](https://landcorealestate.com/wp-content/uploads/1-144.png)
Mortgage rates decreased 1bp, while the 10-Year Treasury rates increased 4bp for the week ending 06/24/2024. The net difference resulted in a 5bp decreased in the spread to 257bp. With the historical spread being 168bp, there now exists a ‘safety cushion’ of 89bp above the historical spread.
![](https://landcorealestate.com/wp-content/uploads/2-146.png)
The historic spread between the 10 Year Treasury and mortgage rates is 168pb (see green line, right axis) and currently is 89bp above historical norm.
![](https://landcorealestate.com/wp-content/uploads/3-106.png)
Bill Knudson, Research Analyst LANDCO ARESC