Commercial & land desk · August 29, 2026
Weekend CRE brief: Friday’s 10-year is still the tape
Last updated:
There is no Saturday official Treasury close. Friday’s 10-year CMT finished at 4.73%. Warsh’s hawkish Jackson Hole speech is the reason the residential 30-year daily index jumped to 6.81% as of August 28. CRE and land still price off that Treasury print plus a spread a lender will actually grant.
What number should a bid package use over the weekend?
Use Friday’s 4.73% 10-year CMT as the risk-free starting point until Monday’s Treasury curve. Do not use a brochure cap rate. Do not use a residential teaser. The 6.81% 30-year is a national purchase-mortgage index, useful as analog pressure on housing-adjacent CRE, not as a permanent loan quote.
Land basis that only works if the 10-year is 50 basis points lower is a hope trade. Write the residual again with 4.73% and an honest spread.
What this desk will not fill in on a Saturday
This desk will not invent office occupancy for a named city, a private cap-rate survey, or a construction-loan term sheet. Monday can bring a new Treasury print. Cite that print when it exists.
FAQ
What was the 10-year CMT on August 28, 2026?
The U.S. Treasury daily yield curve listed the 10-year CMT at 4.73% on August 28, 2026. Saturday does not replace that close.
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).