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Mortgage Rates Update: August 10th, 2023

For the week ending 8.10.23 Mortgage rates INCREASED 6bp to 7.19%.

For a $100,000 loan the monthly payment INCREASED $5 to $679/mo or $0.12/day.


Mortgage rates INCREASED 6bp while the 10 Year Treasury rates DECREASED 11bp for the week ended 8/10/23. The net difference resulted in a 17bp increase in the spread to 310bp. With the historical spread being 168 there now exists a “safety cushion” of 142bp above the historical spread.


The historic spread between the 10 Year Treasury and mortgage rates is 168pb (see the green line, right axis) and currently is 142bp above the historical norm.


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