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Mortgage Rates Update: July 27th, 2023

For the week ending 7.27.23 Mortgage rates INCREASED 3bp to 7.04%.

For a $100,000 loan the monthly payment INCREASED $2 to $668/mo or $0.07/day


Mortgage rates INCREASED 3bp while the 10 Year Treasury rates INCREASED 16bp for the week ended 7/27/23. The net difference resulted in a 13bp decrease in the spread to 303bp. With the historical spread being 168 there now exists a “safety cushion” of 135bp 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 135bp above historical norm.

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