For the week ending 11.16.2023, mortgage rates decreased 6bp to 7.67%.
For a $100,000 loan, the monthly payment decreased $4 to $711/mo or $0.14/day.
![](https://landcorealestate.com/wp-content/uploads/1-90.png)
Mortgage rates decreased 6bp, while the 10-Year Treasury rates decreased 17bp for the week ending 11.16.23. The net difference resulted in a 11bp increased in the spread to 322bp. With the historical spread being 168bp, there now exists a ‘safety cushion’ of 154bp above the historical spread.
![](https://landcorealestate.com/wp-content/uploads/2-93.png)
The historic spread between the 10-Year Treasury and mortgage rates is 168bp (see green line, right axis), and currently, it is 543bp above the historical norm.
![](https://landcorealestate.com/wp-content/uploads/3-73.png)
Bill Knudson, Research Analyst LANDCO ARESC