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Mortgage Rates Update: January 11th, 2024

For the week ending 1.11.24 Mortgage rates INCREASED 4bp to 6.66%.

For a $100,000 loan, the monthly payment INCREASED $3.00 to $643/mo or $0.09/day.


Mortgage rates INCREASED 4bp while the 10-year Treasury rates DECREASED 1bp for the week ended 1/11/24. The net difference resulted in a 5bp increase in the spread to 268bp. With the historical spread being 168 there now exists a “safety cushion” of 100bp 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 95bp above the historical norm.

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