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Mortgage Rates Update: November 9th, 2023

For the week ending 11.9.23 Mortgage rates DECREASED 26bp to 7.73%.

For a $100,000 loan the monthly payment DECREASED $18 to $715/mo or $0.60/day.


Mortgage rates DECREASED 26bp while the 10-year Treasury rates DECREASED 5bp for the week ended 11/9/23. The net difference resulted in a 21bp increase in the spread to 311bp. With the historical spread being 168 there now exists a “safety cushion” of 143bp 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 143bp above the historical norm.


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