Skip to main content

Why have mortgage spreads widened?

The sharp rise in the spread between the 10-year Treasury yield and 30-year mortgage rate primarily reflects the speed at which yields dropped back. But tighter credit conditions also look to be playing a role. We expect the spread to ease back over the next few weeks which, alongside a rebound in the 10-year yield, will keep the 30-year mortgage rate close to its current level of 3.85%.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access