The Knudson File: 7 Day Treasury Rates For Period Ending 2.24.22

Treasury rates increased a modest 4 basis points while Mortgage rates decreased 3 basis points for the 7 day period ending February 24th, 2022. This caused the net spread between the two to decrease 7 bps to 45 bps above normal spread of 168 bps. It appears the mortgage market is positioned for anticipated rate increases by the Feds.