Mortgage Spread
30-year mortgage rate minus 10-year Treasury yield
2.30 pp84th percentile
1W: ↑ 0.12 pp1M: ↑ 0.29 pp
As of 2026-10-15 · Updated October 20, 2026
What it means
- The gap between the average 30-year mortgage rate and the 10-year Treasury yield.
- Typically around 1.5–2 percentage points. Wider spreads indicate lenders are demanding more compensation for risk and uncertainty, often during periods of housing or financial stress.
- Captures the lender markup over the risk-free benchmark — separate from what's happening to interest rates overall.