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Mortgage Rates Update: November 30th, 2023

For the week ending 11.30.23 Mortgage rates DECREASED 7bp to 7.45%.

For a $100,000 loan the monthly payment DECREASED $5 to $700/mo or $0.16/day.


Mortgage rates DECREASED 7bp while the 10-year Treasury rates DECREASED 10bp for the week ended 11/30/23. The net difference resulted in a 3bp increase in the spread to 308bp. With the historical spread being 168 there now exists a “safety cushion” of 140bp 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 140bp above the historical norm.


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