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Mortgage Rates Update: January 4th, 2024

For the week ending 1.4.24 Mortgage rates INCREASED 1bp to 6.62%.

For a $100,000 loan, the monthly payment INCREASED $1.00 and remained at $640/mo or $0.02/day


Mortgage rates INCREASED 1bp while the 10-year Treasury rates INCREASED 15bp for the week ended 1/4/24. The net difference resulted in a 14bp decrease in the spread to 263bp. With the historical spread being 168 there now exists a “safety cushion” of 95bp 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 95bp above the historical norm.

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