MBA Chart of the Week Jan. 13, 2023: Mortgage-Treasury Spread

This week’s MBA Chart of the Week looks at the spread of mortgage rates relative to Treasury yields. This has been one of the more puzzling aspects of the current environment and a contributor to the rapid rise in mortgage rates over the past year.

MBA Chart of the Week, Mar. 4, 2022: 10-Year U.S. Treasury Yields

Prior to Russia’s invasion, 10-Year Treasury yields broke higher — reaching 2.05% on February 15. Since then, they have fallen to as low as 1.72% but have rebounded somewhat, underscoring both the downside risk and volatility markets are facing.