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For the week ending 1.23.25 Mortgage rates DECREASED 8bp to 6.96%.
This past week, for a $100,000 loan the monthly payment decreased from $668/mo to $663/mo or $0.18 a day.
For the week ending 1.23.25 mortgages decreased 8bp while the 10 Year Treasury rates increased 4bp. Spread decreased 12bp to 231bp. With the historical spread being 168 there now exists a “safety cushion” of 63bp 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 63bp above the historical norm. In July this spread was 150bp. Mortgage rates have decreased more than the 10-year.
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