For the week ending 04/04/2024, mortgage rates increased 3bp to 6.82%.
For a $100,000 loan, the monthly payment increased $2.00 to $653/mo or $0.07/day.
![](https://landcorealestate.com/wp-content/uploads/1-125.png)
Mortgage rates increased 3bp, while the 10-Year Treasury rates increased 11bp for the week ending 04/04/2024. The net difference resulted in a 8bp decreased in the spread to 251bp. With the historical spread being 168bp, there now exists a ‘safety cushion’ of 83bp above the historical spread.
![](https://landcorealestate.com/wp-content/uploads/2-126.png)
The historic spread between the 10 Year Treasury and mortgage rates is 168pb (see green line, right axis) and currently is 83bp above historical norm.
![](https://landcorealestate.com/wp-content/uploads/3-96.png)
Bill Knudson, Research Analyst LANDCO ARESC