U.S. 10-year Treasury yield finished at approximately 4.96% September 12th https://ycharts.com
For example, on May 13, 2026, the 10-year Treasury yield closed at 4.48%, and the average 30-year mortgage rate was 6.36%. So, the spread was 1.88 percentage points.
average 30-year fixed mortgage rate is 6.76% according to the Freddie Mac Primary Mortgage Market Survey for the week ending September 10, 2026.
The 10-year Treasury yield usually goes up when the Federal Reserve raises interest at the market window.
Mortgage rates will easily cross the 7.0% line this year.