CRE Rate Dashboard — Live Benchmarks
The CRE Rate Dashboard shows the live benchmark indices commercial mortgage pricing is built on — SOFR, the 5-year and 10-year Treasury, and Prime — so you can benchmark a quote you already have instead of guessing whether it is fair. Commercial loans are priced as a spread over one of these indices, so knowing the current index level tells you what portion of your quoted rate is market and what portion is spread.
What it does
- Live benchmark indices: SOFR, 5-year Treasury, 10-year Treasury, Prime
- Context for any quote you already hold: separate the index from the lender's spread
- Typical index pairings by loan type (bank loans over Treasuries, bridge/floating over SOFR)
- Free and ungated — check the benchmarks before and during any lender negotiation
Frequently Asked Questions
How do benchmark indices set my commercial mortgage rate?
Most commercial mortgage quotes are the sum of a benchmark index plus the lender's spread. Fixed-rate loans typically price over the 5-year or 10-year Treasury, while floating-rate and bridge loans typically price over SOFR. If the 10-year Treasury is at 4.3% and your quote is 6.8%, the lender's spread is 250 basis points.
How current are the rates shown?
The dashboard pulls live market benchmark data, so the indices reflect current trading levels rather than a static table. Lender spreads move much more slowly than indices, which is why watching the index is the fastest way to understand rate moves between quote and close.
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