Commercial Mortgage Rates: Week of August 03, 2026

During the week of August 3 to 7, 2026, all-in commercial mortgage rates ranged from approximately 5.75% to 7.00% for conventional fixed-rate loans, depending on asset type, loan-to-value ratio, and lender type. Agency multifamily loans (Fannie Mae/Freddie Mac) were pricing in the 5.85% to 6.30% range, while CMBS conduit loans ranged from 6.50% to 7.00%. Bridge and floating-rate loans were priced at an all-in 7.75% to 9.25%. These ranges are indicative : contact CLS CRE at 310.708.0690 for a quote specific to your property and loan scenario.

The 10-Year U.S. Treasury yield ended the week of August 3 to 7, 2026 near 4.27%, after briefly touching 4.22% following a softer-than-expected July jobs report on Friday. The 10-Year Treasury is the primary benchmark index used to price most fixed-rate commercial mortgage loans. Lenders add a spread : typically 175 to 250 basis points for conventional deals : on top of the 10-Year to arrive at the borrower's all-in rate. When Treasury yields rise, commercial mortgage rates rise with them; when yields fall, rates tend to follow. Monitoring the 10-Year is one of the most important things a CRE borrower or investor can do when timing a loan.

This is the most common question we receive, and the honest answer depends on your specific deal, business plan, and risk tolerance. CLS CRE's current base case projects one 25-basis-point Fed rate cut in Q4 2026 and potentially one more in early 2027. However, rate cuts at the short end (Fed Funds/SOFR) do not automatically translate to lower long-term fixed rates : those are driven by the 10-Year Treasury, which responds to inflation expectations and global capital flows. If your property cash flows at today's rates and your business plan supports a 5- or 7-year hold, locking in now provides certainty and eliminates refinance risk. If you're deploying a short-term value-add strategy, a floating-rate bridge structure may make more sense. We recommend modeling both scenarios : call us at 310.708.0690 or email loans@clscre.com and we'll run the numbers with you.