top of page

Mortgage Rates: As of September 15th, 2022

For the week ending 9.15.22 Mortgage rates INCREASE 16bp to 6.22%.

For a $100,000 loan the monthly payment INCREASED $10 to $614/mo or $0.33/day.


While mortgage rates INCREASED 15bp, 10 Year Treasury rates INCREASED 16bp. The net difference is a 1bp decrease in a spread of 277bp. With the historical spread being 168 there now exists a “safety cushion” of 109bp 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 110bp 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