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Mortgage Rates Update: January 18th, 2024

For the week ending 1.18.24 Mortgage rates DECREASED 6bp to 6.60%.

For a $100,000 loan the monthly payment DECREASED $4.00 and to $639/mo or $0.13/day.


Mortgage rates DECREASED 6bp while the 10-year Treasury rates INCREASED 16bp for the week ended 1/18/24. The net difference resulted in a 22bp decrease in the spread to 246bp. With the historical spread being 168 there now exists a “safety cushion” of 78bp 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 78bp above the historical norm.

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