For the week ending 2/22/2024, mortgage rates increased 13bp to 6.90%.
For a $100,000 loan, the monthly payment increased $9.00 to $659/mo or $0.29/day.
![](https://landcorealestate.com/wp-content/uploads/1-112.png)
Mortgage rates increase 13bp, while the 10-Year Treasury rates increased 9bp for the week ending 02/22/2024. The net difference resulted in a 4bp 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/2-114.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/3-89.png)
Bill Knudson, Research Analyst LANDCO ARESC