Mortgage Rates: April 21st, 2022

MORTGAGE RATES ARE NOW WELL ABOVE 5.00% and increased 11bp to 5.31%.

For a $100,000 loan, the monthly payment increased by $7 to $556 which is equal to $0.23 a day.


Rates rocket up and feather down. As 10 Year US Treasury rate The historic spread (aka difference) between the 10 Year Treasury and mortgage rates is 168pb (see green line)


At the start of 2022 mortgage rates have increased FASTER than the 10-year Treasury. This past week the 10-Year rose 7bp while Mortgage rates increased 11bp thus their spread increased 4 and now stands at 73bp above the historical norm.


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