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The next CPI release is January 15
The next Fed meeting is December 18
For the week ending 12.12.24 Mortgage rates DECREASED 9bp to 6.60%.
For a $100,000 loan, the monthly payment decreased to $639/mo or $0.20/day.
Mortgages decreased 9bp while the 10-year Treasury rates increased 15bp for the week ended 12/12/24. Spread decreased 24bp to 228bp. With the historical spread being 168 there now exists a “safety cushion” of 60bp above the historical spread.
The historic spread between the 10-year Treasury and mortgage rates is 168pb (see green line, right axis) and currently is 60bp above the historical norm. In July this spread was 150bp. Mortgage rates have decreased for more than the 10 year.
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