For the week ending 04/18/2024, mortgage rates increased 22bp to 7.10%.
For a $100,000 loan, the monthly payment increased $15.00 to $672/mo or $0.49/day.
![](https://landcorealestate.com/wp-content/uploads/1-129.png)
Mortgage rates increased 22bp, while the 10-Year Treasury rates increased 8bp for the week ending 04/18/2024. The net difference resulted in a 14bp increased in the spread to 256bp. With the historical spread being 168bp, there now exists a ‘safety cushion’ of 78bp above the historical spread.
![](https://landcorealestate.com/wp-content/uploads/2-131.png)
The historic spread between the 10 Year Treasury and mortgage rates is 168pb (see green line, right axis) and currently is 78bp above historical norm.
![](https://landcorealestate.com/wp-content/uploads/3-99.png)
Bill Knudson, Research Analyst LANDCO ARESC