The rate environment around every deal.
Treasury curve, SOFR, CPI, inflation expectations, macro regime, and a rate-based lending proxy pulled into the same deterministic underwriting frame.
Front end to long bond
| Tenor | Rate | As of | Status |
|---|---|---|---|
| 3M | 4.24% | Nov 9, 2026 | Live |
| SOFR | 3.88% | Nov 9, 2026 | Live |
| 2Y | 4.56% | Nov 9, 2026 | Live |
| 10Y | 4.88% | Nov 9, 2026 | Live |
| 30Y | 5.26% | Nov 9, 2026 | Live |
Print versus baseline
Mid-Cycle
Table view
| Tenor | Yield | Source |
|---|---|---|
| 3M | 4.24% | live |
| 2Y | 4.56% | live |
| 5Y | 4.67% | live |
| 10Y | 4.88% | live |
| 30Y | 5.26% | live |
Mid-Cycle
Macro signals: yield curve flat 32 bps slope, CPI 3.00% near target. Mid-cycle regime. Standard institutional CRE pricing; cap rates stable. Hold-length reading: neutral; at current cap rates, rent growth is the return driver in this regime.
Rates read accommodative
A score from four rates only, higher meaning tighter: SOFR less CPI, the 10-year Treasury level, the 2-year to 10-year slope and CPI. It is a proxy, not a read of what lenders are doing: no spread, survey or loan data goes into it.
The refresh clock at the top of the page is when Underwrite last called the provider, auto-refreshing every 5 minutes, not when any figure was observed: each series carries its own observation date and cadence above. FRED configured: yes. Fallback values remain deterministic and keep regression anchors stable.
Live data enters at the request boundary. The underwriting engine stays synchronous and deterministic, and every data point carries source, timestamp, and freshness.