Every deal we underwrite starts with the same question: what does money cost today? These are the benchmarks that answer it, pulled from the Federal Reserve's FRED database every weekday morning.
Treasury yields set the floor for fixed-rate debt. SOFR drives floating-rate loans. The 10s-2s spread is the bond market's mood ring. Prime is what your bank quotes when you walk in the front door.
Data feed warming up
The rates pipeline has not run yet. Figures appear after the first weekday refresh.
Want to see how we apply this?
This is the math behind every deal we underwrite.