top of page

Mortgage Rates Update: October 19th, 2023

For the week ending 10.19.23 Mortgage rates INCREASED 6bp to 7.86%.

For a $100,000 loan the monthly payment INCREASED $4 to $724/mo or $0.14/day.


Mortgage rates INCREASED 6bp while the 10-year Treasury rates INCREASED 28bp for the week ended 10/19/23. The net difference resulted in a 22bp decrease in the spread to 288bp. With the historical spread being 168 there now exists a “safety cushion” of 120bp 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 120bp above the historical norm.


bottom of page