Commercial & land desk · August 31, 2026
Monday CRE still prices off Friday’s 10-year
Last updated:
Monday’s commercial brief keeps Friday’s official Treasury close until a new daily curve publishes. The 10-year CMT finished August 28 at 4.73%. Warsh’s hawkish Jackson Hole speech is why the residential 30-year daily index jumped to 6.81%. Income property and land still price off that 4.73% print plus a spread a lender will actually grant.
What number should a Monday bid package use before the new curve?
Use Friday’s 4.73% 10-year CMT as the risk-free starting point until Treasury’s next weekday curve. Do not use a brochure cap rate. Do not use a residential teaser as takeout. The 6.81% 30-year is analog pressure on housing-adjacent CRE, not a permanent loan quote.
Jobs-week data can move the 10-year later. Recalculate residuals after a named new CMT print. A land basis that only works if the 10-year is 50 basis points lower is still a hope trade this morning.
What this desk will not fill in on Monday morning
This desk will not invent office occupancy for a named city, a private cap-rate survey, or a construction-loan term sheet. If the Fed SLOOS or a public REIT filing adds a credit fact, that fact gets a dated citation.
FAQ
What was the last official 10-year CMT before Monday’s session?
The U.S. Treasury daily yield curve listed the 10-year CMT at 4.73% on August 28, 2026. Cite the next weekday close when it publishes.
Does this site arrange CRE or land financing?
No. Fast Home Loan Daily is a publication. It does not originate loans or take applications.
Sources: U.S. Treasury daily yield curve (10-year CMT 4.73% on August 28, 2026); Mortgage News Daily daily rate index (30-year 6.81% as of August 28, 2026); Freddie Mac PMMS (weekly 30-year 6.66% as of August 27, 2026).