Treasury yields, macro indicators, economic calendar, and yield curve analysis — the data that drives commercial real estate financing decisions.
Key benchmarks that determine commercial mortgage pricing across every capital source.
| Index | Today | Yesterday | Last Month | Last Year |
|---|---|---|---|---|
| 10-Yr Treasury | 4.087% | 4.054% | 4.313% | 4.290% |
| 30-Yr Treasury | 4.711% | 4.689% | 4.850% | 4.530% |
| 2-Yr Treasury | 3.468% | 3.435% | 3.780% | 4.610% |
| 5-Yr Treasury | 3.748% | 3.719% | 3.990% | 4.280% |
| 1-Yr Treasury | 3.610% | 3.592% | 3.840% | 4.880% |
| Fed Funds Rate | 3.50–3.75% | 3.50–3.75% | 3.50–3.75% | 4.25–4.50% |
| SOFR | 3.56% | 3.56% | 3.56% | 4.31% |
| Prime Rate | 7.00% | 7.00% | 7.00% | 7.75% |
| S&P 500 | 6,905 | 6,843 | 6,841 | 6,115 |
| Dow Jones | 49,841 | 49,533 | 49,408 | 43,461 |
| NASDAQ | 22,876 | 22,578 | 22,592 | 19,649 |
| Gold ($/oz) | $4,972 | $4,952 | $5,550 | $2,015 |
| Silver ($/oz) | $76.01 | $74.43 | $109.30 | $32.50 |
| Bitcoin | $67,758 | $67,800 | $78,050 | $95,200 |
The yield curve shows Treasury rates across maturities. An upward slope is normal; inversions historically signal recession. The curve has normalized from its 2023-2024 inversion.
The macro data that shapes Fed policy, investor sentiment, and commercial real estate lending conditions.
Key economic releases and Fed decisions that impact commercial real estate lending rates.
Our team monitors these markets daily to secure the best rates for our clients. Let's talk about your project.
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February 2026 Rate Environment
The Fed held rates at 3.50–3.75% at the January meeting, and the March decision is widely expected to be another hold. Inflation continues to moderate — January CPI dropped to 2.4% — but the Fed wants sustained evidence before cutting further. Markets expect the next cut in mid-2026.
For CRE borrowers, this means the 10-Year Treasury remains range-bound between 3.9–4.3%, and permanent financing rates have stabilized. Life insurance company rates remain the most competitive at 5.50–6.25% for stabilized assets, while bank and CMBS spreads have tightened ~20bp since Q4 2025.
Construction and bridge rates continue to compress as debt fund competition intensifies. We're seeing bridge rates as low as S+275 for strong sponsors, and construction rates at S+325–375 depending on leverage and asset type. This is a meaningful improvement from the 2024 peak.
The yield curve has fully normalized after its historic 2022–2024 inversion. The positive slope supports the case for economic stability, though elevated long-end yields reflect fiscal deficit concerns and persistent term premium.