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Mortgage Rates: as of August 18th, 2022

For the week ending 8.18.22 Mortgage rates DECREASE 7bp to 5.33%.

For a $100,000 loan the monthly payment DECREASED $4 to $557/mo or $0.13/day.


While mortgage rates DECREASED 7bp, 10 Year Treasury rates INCREASED 11bp. The net difference is an 8bp increase in a spread of 245bp. With the historical spread being 168 there now exists a “safety cushion” of 77bp 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 77bp 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.


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