top of page

Mortgage Rates: As of October 6th, 2022

For the week ending 10.6.22 Mortgage rates DECREASE 6bp to 6.86%.

For a $100,000 loan the monthly payment DECREASED $4 to $656/mo or $0.14/day.


While mortgage rates DECREASED 6bp, 10 Year Treasury rates INCREASED 7bp. The net difference is a 14bp decrease in a spread of 303bp. With the historical spread being 168 there now exists a “safety cushion” of 135bp above this historical spread.


The historic spread between the 10 Year Treasury and mortgage rates is 168pb (see the green line, right axis) and currently, there is a 149bp above the historical norm. For this spread to return to the historical norm, either mortgage rates will decrease or 10 Year Treasury rates will increase.


bottom of page