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For the week ending 3.20.25 Mortgage rates INCREASED 2bp to 6.67%.
This past week, for a $100,000 loan the monthly payment increased from $642/mo to $643/mo or $0.04 a day.
For the week ending 3.20.25 mortgages increased 2bp while the 10 Year Treasury rates decreased 3bp. Spread increased 5bp to 243bp. With the historical spread being 168 there now exists a “safety cushion” of 75bp 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 75bp above the historical norm.
In July 2024 this spread was 150bp. Mortgage rates have decreased for more than the 10 year.
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