For the week ending 3/28/2024, mortgage rates decreased 8bp to 6.79%.
For a $100,000 loan, the monthly payment decreased $5.00 to $651/mo or $0.18/day.
![](https://landcorealestate.com/wp-content/uploads/1-124.png)
Mortgage rates decreased 8bp, while the 10-Year Treasury rates decreased 7bp for the week ending 03/28/2024. The net difference resulted in a 1bp increased in the spread to 249bp. With the historical spread being 168bp, there now exists a ‘safety cushion’ of 91bp above the historical spread.
![](https://landcorealestate.com/wp-content/uploads/2-125.png)
The historic spread between the 10 Year Treasury and mortgage rates is 168pb (see green line, right axis) and currently is 91bp above historical norm.
![](https://landcorealestate.com/wp-content/uploads/3-95.png)
Bill Knudson, Research Analyst LANDCO ARESC