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Mortgage Rates Update: December 7th, 2023

For the week ending 12.07.23 Mortgage rates DECREASED 19bp to 7.26%.

For a $100,000 loan the monthly payment DECREASED $13 to $683/mo or $0.43/day.


Mortgage rates DECREASED 19bp while the 10-year Treasury rates DECREASED 23bp for the week ended 12/7/23. The net difference resulted in a 4bp increase in the spread to 312bp. With the historical spread being 168, a “safety cushion” of 144bp is now above the historical spread.


The historic spread between the 10-year Treasury and mortgage rates is 168pb (see green line, right axis) and currently is 144bp above the historical norm.


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