Rates check
<table><tbody><tr><td>2yr UST</td><td>4.24%</td><td>+5bps</td></tr><tr><td>5yr UST</td><td>4.43%</td><td>+4bps</td></tr><tr><td>10yr UST</td><td>4.74%</td><td>+5bps</td></tr><tr><td>SOFR</td><td>3.65%</td><td>+2bps</td></tr><tr><td>Prime</td><td>6.75%</td><td>flat</td></tr></tbody></table>Worth knowing
- Mortgage Rates Rise to 7.58% — Mortgage rates hitting 7.58% is a critical signal for CRE debt costs—higher rates compress leverage, widen spreads, and slow transaction velocity across all asset classes. (Mortgage News Daily)
- Higher Forever: How Surging Treasury Yields Are Impacting Commercial Real Estate — The 10-Year Treasury hit 5.1%, a 19-year high, directly increasing CRE borrowing costs and cap rates, pressuring valuations and deal underwriting across all sectors. (Commercial Observer)
- As Fed Hikes Rates for First Time Since 2023, Commercial Real Estate Comes to Terms — The Federal Reserve raised interest rates for the first time in more than three years Wednesday, but the hawkish move is not expected to curtail commercial real estate transactions in the latter half of 2026. In a unanimous 12-0 vote, the Federal Open Market Committee (FOMC) hiked its benchmark interest rate a quarter point to […] (Commercial Observer)
- Fed hikes rates, with analysts seeing more tightening ahead — Fed raises benchmark rate to 3.75% to 4% range in response to high inflation and solid employment (HousingWire)
- Hot inflation reading sets stage for possible Fed rate hike next week — August CPI rising could tip the Fed toward a hike next week, directly hitting swap rates and hiking debt costs for all CRE financings and maturities. (Mortgage Professional America)
- 10-year yield nears 5% as oil prices rattle bond markets — 10-year yield nearing 5% will push cap rates higher and debt costs up across all CRE sectors; expect wider spreads and slower deal velocity until rates stabilize. (Mortgage Professional America)
- Realterm, Starwood Property Trust Co-Originate IOS Financing — The record $672M IOS financing via Realterm and Starwood signals deep liquidity and strong lender appetite for niche industrial product—expect cap rates to compress further as larger platforms seek scale. (Connect CRE)
- Soaring Yields Strand REITs In M&A No-Man’s-Land — 10-year yields above 5% are stalling REIT M&A; brokers should anticipate few portfolio transactions until rates stabilize. (Bisnow)