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Mortgage Rates Update: February 9th, 2023

Updated: Feb 18, 2023

For the week ending 2.9.23 Mortgage rates INCREASED 3bp to 6.35%.

For a $100,000 loan, the monthly payment INCREASED $2 to $622/mo or $.07/day.


While mortgage rates INCREASED 4bp, 10 Year Treasury rates INCREASED 27bp. The net difference resulted in an increase of 5bp in the spread to 292bp. With the historical spread being 168 there now exists a “safety cushion” of 99bp 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, there is 99bp above the historical norm. For this spread to return to the historical norm, either mortgage rates will decrease further or 10 Year Treasury rates will increase.

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