For the week ending 06/06/2024, mortgage rates decreased 4bp to 6.99%.
For a $100,000 loan, the monthly payment decreased $3.00 to $665/mo or $0.09/day.
![](https://landcorealestate.com/wp-content/uploads/1-138.png)
Mortgage rates decreased 4bp, while the 10-Year Treasury rates decreased 27bp for the week ending 06/06/2024. The net difference resulted in a 23bp increased in the spread to 271bp. With the historical spread being 168bp, there now exists a ‘safety cushion’ of 103bp above the historical spread.
![](https://landcorealestate.com/wp-content/uploads/2-140.png)
The historic spread between the 10 Year Treasury and mortgage rates is 168pb (see green line, right axis) and currently is 103bp above historical norm.
![](https://landcorealestate.com/wp-content/uploads/3-104.png)
Bill Knudson, Research Analyst LANDCO ARESC