For the week ending 04/25/2024, mortgage rates increased 7bp to 7.17%.
For a $100,000 loan, the monthly payment increased $5.00 to $677/mo or $0.16/day.
![](https://landcorealestate.com/wp-content/uploads/1-130.png)
Mortgage rates increased 7bp, while the 10-Year Treasury rates increased 6bp for the week ending 04/25/2024. The net difference resulted in a 1bp increased in the spread to 247bp. With the historical spread being 168bp, there now exists a ‘safety cushion’ of 79bp above the historical spread.
![](https://landcorealestate.com/wp-content/uploads/2-132.png)
The historic spread between the 10 Year Treasury and mortgage rates is 168pb (see green line, right axis) and currently is 79bp above historical norm.
![](https://landcorealestate.com/wp-content/uploads/3-100.png)
Bill Knudson, Research Analyst LANDCO ARESC