September 2023: How Do Interest Rates Work & Why Are They So High Right Now?

Gavin Hamilton

Published 3 months ago

Seriously. What's going on with mortgage rates? Going in to 2022, mortgage rates were around 3%. In the past year they've hovered around 7%.

These page covers:

- What's Happening Now
- Why Rates Initially Spiked
- How to use past data to understand expectations moving forward

Excerpt from post at

"Mortgage rates have not been cool over the past year. An underrated element of this though is that rates are actually worse than they should be. In the mortgage world, BondMarketBoys™ look to the 10 Year Treasury as a gauge for what mortgage rates should be. Going back 40 years, the historical spread between the 10 Year Treasury and 30 Year Fixed Mortgage averages between 1.75% and 2.00%. In 2022 that spread has widened to near all-time highs, hitting 3.00%. Even with inflation moderating late in the year and mortgage rates slowly coming down, that high spread remains. So…what gives?..." (To view this whole blog post with infographics, click here:

To get more information to see if it's the right move for you, click the link below for future 15 minute webinars, or call/text me directly at (310) 422-4731.

Upcoming Webinars:

Additional Resources:

Recent Reviews

Recession or No Recession: Experts Believe Mortgage Rates Should Drop. Why?

Why Many Agree Mortgage Rates Will Drop... the Spread Between the 10 Year Treasury

June 2023: Why Did Mortgage Rates Get Worse When The Fed Didn’t Raise Rates?

March 2023: The Most UNDERRATED Driver of Higher Mortgage Rates..."Perception"

In February 2023 Rates DROPPPED 1%. Why Did This Happen (& When They Might Drop Again)

Guild Mortgage

Company NMLS# 3274

9200 SE Sunnybrook Blvd Ste 410
Clackamas, Oregon 97015

Guild Mortgage Company is an Equal Housing Lender; AZ BK #0018883; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; NV Banker #1076 / NV Broker #1141; OR ML-176; Rhode Island Licensed Lender; Company NMLS ID 3274.
All loans subject to underwriter approval. Terms and conditions apply, subject to change without notice. Guild Mortgage Company LLC is an Equal Opportunity Employer. Guild Mortgage Company LLC 5887 Copley Drive, Floors 1, 3, 4, 5, 6, San Diego, CA 92111; For more licensing information, please visit

© 2023 The Lending Marketing Platform. This is not a Government website. The Lending Marketing Platform and its products are not endorsed by the Department of Veterans Affairs or the US Department of Housing and Urban Development. The content on this site is for educational purposes only and is not an advertisement for a product or an offer to lend. If you have questions about the loan officers featured within our lender directory, please visit the Nationwide Mortgage Licensing System & Directory for more information and to check their licensing status at